The torrential flooding in South America could soon disrupt exports from Brazil’s fourth-largest soybean port in Rio Grande Do Sul as floodwaters spill over into roadways and rail routes linked to the major Brazilian grain port.
Loaded grain trucks must travel an extra 250 miles per trip to circumvent blockades and reach the Rio Grande port. That, of course, is causing delays as well as increasing freight costs.
Brazilian grain traders exported more than 10 million tons of soybeans and 3 million tons of soy meals out of Rio Grande Do Sul in 2023.
Brazil’s southernmost state has received more than 31 inches of rain in a week, which has led to the declaration of a public emergency and the deaths of at least 100 people. 128 are still missing. More rain is in the forecast through the first half of May.
Smaller exporter crops and lower global stocks could keep wheat markets sensitive to weather, trade, and shifts in demand.
Scientists say studying how cattle digest seaweed could help shape future livestock nutrition and sustainability efforts.
Corn inspections remain strong year-to-date, while China’s soybean and sorghum movement remains important to late-season export demand.
At the center of the announcement is the Blue Point Project in Louisiana, a $3.7 billion ammonia facility, USDA says, that will become the world’s largest ammonia plant once completed.
RealAg Radio’s Shaun Haney joins us to discuss Canadian farmer sentiment, saying many are also struggling with profitability and long-term outlook in agriculture.
USMEF President and CEO Dan Halstrom joins us to discuss China’s renewed access for U.S. beef facilities, the outlook for exports, and key conversations taking place at this week’s Spring Conference.
