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.
RealAg Radio Host Shaun Haney joins us to discuss the latest U.S.-China ag trade agreements, market reaction, and what producers should watch moving forward.
For producers, the next proof will be actual export sales, shipment pace, and buyer breakdowns.
Corey Rosenbusch, President & CEO of The Fertilizer Institute, discusses fertilizer markets transparency efforts and the steps to ensure long-term stability for farmers and the ag economy.
Thailand will not replace major corn buyers overnight, but renewed access could create another outlet for U.S. corn demand.
Mike Steenhoek with the Soy Transportation Coalition joins us to discuss the proposed federal gas tax suspension, fuel cost pressures, and what the policy could mean for agriculture and transportation.
China’s soybean buying is shifting hard toward Brazil, leaving U.S. shipments at risk of slowing as South America’s record crop reaches export channels
