Brazil, Argentina and Paraguay will produce just over 217 million tons of soybeans in the 2023/24 harvest. Together, the countries will add 22.55 million tons (11.6%) to global production, increasing […]
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Category: Soybeans
Soybeans
UGA Lowers 2024 Crop Estimate of Grains and Oilseeds
Lower Harvest Projection The Ukrainian Grain Association (UGA) has revised its forecast for the 2024 harvest, lowering it by 1.5 million metric tons (MMT) to a total of 74.6 MMT […]
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Soybean Prices Rise in May Amid Uncertainties in Brazil
Impact of Currency Exchange Rates In May, the exchange rate had a positive effect on the Brazilian soybean market. The commercial dollar appreciated by 0.33%, closing at 5.20R$ -or 0,91€ […]
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Soybean Prices Close Lower Ahead of Holiday
Market Dynamics and Futures Trading Soybean Meal Futures Decline Soybean meal futures for July delivery closed down $7.50, or 1.99%, at $369.10 per ton. The Brazilian soybean market recorded minimal […]
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Soybean Prices Break Records in Maharashtra, India
Karanja Mandi Soybean Prices Break 2021 Record High Prices Despite Low MSP in Most Mandis On May 20, Karanja Mandi in Washim district saw soybean prices reach new heights. The […]
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Soybean Prices Fall as South American Harvest Ends and U.S. Planting Accelerates
Soybean prices have taken a hit as the harvest in South America concludes and U.S. planting speeds up. This market shift is influenced by various factors including strong competition and […]
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Impact of Chicago’s Decline on Soybean Prices in Brazil
Chicago Board of Trade (CBOT) soybean futures for July delivery fell by 18.50 cents, or 1.48%, to $12.29 1/2 per bushel on Tuesday. This decline, coupled with a weakening dollar, […]
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UZA Experts Lower Forecasts for Ukraine’s Grain and Oil Crop Production
The Ukrainian Grain Association (UZA) has reduced its forecast for the production of grain and oil crops in Ukraine by 1.5 million tons to 74.6 million tons, down from the […]
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Impact of Chicago Market Collapse on Brazilian Soybean Prices
The recent decline in Chicago soybean futures has had a significant impact on soybean prices in Brazil. July grain contracts closed down by 7.00 cents, or 0.56%, at $12.39 1/4 […]
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CONAB Anticipates Brazil’s Soybean Output To Hit 147.7 Million Tons
Production Projections and Revisions The Brazilian National Supply Company (CONAB) has projected soybean production for the 2023-24 marketing season at 147.680 million tonnes. This estimate marks an increase of 1.160 […]
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