Soybean meal exports from Argentina fell 5.6% in July from June, to reach 2.33mn Mt. June had advanced to the highest so far this year at 2.47mn Mt, and surpassed the June 2020 peak at 2.46mn Mt. The highest on our records was reached in July 2019 at 2.89mn Mt. Argentina’s agricultural loadings were weighed …
Tag Archives: Brazil
Grains Market Clipps 8.3.2021
Argentina’s grain exports made a respectable showing in July, despite environmental issues faced by growers and shippers. There were 3.29mn Mt of corn loaded during the month, which was down 8.4% from a year ago. Wheat exports rose 129% to 501,711 Mt, while Soybean loadings declined 24% to 707,844 Mt. Combined loadings of all three …
Grains Market Clipps 8.3.2021
Final data on Brazil’s corn exports in July show a small acceleration at month-end, but still a weak showing compared to prior years. They totaled 1,222,763 Mt, or a daily rate of 39,446 Mt/d. That compares to figures a year ago of 3,731,785 Mt, or 120,382 Mt/d. As expected, the impact from the late planting …
Grains Market Clipps 7.27.2021
Russian wheat exports are maintaining the generally downward trend that’s been in place since September, when they peaked at 129,157 Mt/d. The pace this month is currently 37,787 Mt/d, and down 63% from the same month a year ago. Exports typically reach a bottom in June before rebounding sharply in July, but are also down …
Grains Market Clipps 7.26.2021
Brazilian corn exports are still flagging, with less than a week to go in the month. Exports usually begin surging in July, as the second, Safrinha, crop is harvested. However, the late planting and frost late last month have weighed on loadings. The loading rate is only 31,066 Mt/d so far this month, which is …
Grains Market Clipps 7.20.2021
Corn and soybean prices on the CBOT have steadied at higher levels in the last couple days, as signs of improving US crops took some steam out of recent rallies. Corn ratings were generally higher across Indiana, Illinois and Pennsylvania, while soybeans improved in Illinois, Kansas and Nebraska. If this translates into higher exports later …
Grains Market Clipps 7.13.2021
Following a US corn planting season that progressed faster-than-normal, the development of the crop has lost some ground recently. Only around 26% of the crop is silking, which is below the five-year average of 30%. The corn condition shows 65% good-to-excellent compared to 69% a year ago. The next worry for the market is drought …
Grains Market Clipps 7.7.2021
Soybean exports from Brazil fell to 255,113 Mt/d in June from 398,945 Mt/d in May. Both levels were sharply below the same periods a year earlier, with exports in June 2020 at 411,596 Mt/d. Some farmers were said to be holding back exports while awaiting higher prices, but prices have been sideways or lower since …
Grains Market Clipps 6.23.2021
Brazilian soybean loadings are 316,814 Mt/d so far this month, down from 391,891 Mt/d in May and 411,596 a year ago. Some farmers are holding back stocks, which is hampering exports and causing some crushers to import beans. Brazilian imports this month stand at 2,400 Mt/d, and are the first since February. Less than favorable …
Grains Market Clipps 6.8.2021
The US exported 213,252 Mt/d of corn in May, or 43% above a year ago. Stresses on US crops are continuing amid hot and dry weather, and another cut in USDA corn & bean ratings is possible next week. Uncertainty over drought prospects are keeping prices elevated, but more favorable weather is possible as the …