Category Archives: Soybeans

Corn planting gets to final stretch in southern Brazil

Corn planting in the Brazilian state of Rio Grande do Sul, the southern-most state in the country, overcame 90% of the projected surface of 1.8 million acres. At this time, there is a reduction of the initial forecast for the planted area for cash corn, while sillage would have the same surface. The information is from the state’s Rural Institute of Technical Assistance.

In general, the crops present good plant population and yields tend to be high if there are not any weather setbacks. For soybeans, which Rio Grande do Sul is the third largest producer, planting reach 40% with good conditions too.

Brazilian company now makes ethanol from soybeans

By Luís Vieira

It’s common knowledge that corn is used to make ethanol and soybeans to make biodiesel.

But did you know that soybeans are now being used as a raw material for ethanol production?

As the tensions between Brazil and the U.S. over ethanol duties grow, Brazilian company Caramuru, which is based in Sorriso, a city in the northern state of Mato Grosso, announced it will produce hydrous ethanol from soybeans and will also process soy lecithin.

Read the full story at Agriculture.com

Soybean planting reaches over half of surface in Brazil

Soybean planting has reached 57% of the surface in Brazil, according to a recent survey released by consultancy AgRural. There was an advance of 14 percentage points in one week. The planting pace overcomes the average of the previous five years, which is 56% but is below the progress of last year that reached 63% of the area in this same week.

AgRural says that the works progressed quicker in the Center-Western parts of the country led by Mato Grosso do Sul, followed by Mato Grosso, and Goias. Current crop conditions indicate that the yields will be lower in Mato Grosso due to irregular rains.

In the state of Paraná, nearly 80% of the soybean area is planted when there is a forecast of hot weather in the state after worries with lower than average temperatures. In Rio Grande do Sul, planting progresses to 31% of the estimated surface.

Argentina’s planting advances faster than last year

A weekly crop update of the Buenos Aires Cereal Exchange reveals that the soybean planting advanced 5.4 percentage points in the present week and is 2.2 percentage points ahead of the previous year, covering 7.2% of the estimated area for the oilseed. The total soybean surface is expected to be 44.7 million hectares (18.1 million hectares). Most of the planting works took place in the Nucleus regions, which includes the Northwest of the Buenos Aires province, South of Córdoba and Soutwest of Santa Fe.

Regarding corn, the planted area reached 33.9% this week, considering a surface of 13.3 million acres (5.1 million hectares). The pace is 5.9 percentage points ahead of the previous season. The most significant advances happened in the provinces of Buenos Aires and La Pampa. In Central and Northern areas of the country, more works will take place starting in December.

In the case of sunflower, the work is more concentrated currently in the Buenos Aires province and La Pampa. The national progress rate is at 60% of a surface of 4.4 million acres. In one week, there was a progress of 9.4 percentage points. On the other hand, precipitation was low in those regions recently and will impede a faster advance in the coming days.

Brazil’s soybean complex export jump 124%

Brazil’s export of the soybean complex summed 3.87 million metric tons in October, according to official data. The volume has jumped 123.83% compared to the same month of 2016. The revenue generated by those sales was US$ 1.45 billion, which is 107.6% higher than last year. On the other hand, the number is 27.7% lower than September.

The sum of Brazilian exports of the soybean complex accumulated in the year is 77.1 million metric tons and US$ 29.1 billion, while a year ago the export sales reached 64.2 million metric tons or US$ 24.1 billion. Still in October of 2017, the soybean exports in grain reached 2.48 million metric tons, which is 149.1% more than a year ago. The soybean meal exports summed 1.27 million metric tons in the month, an increase of 76%. The soybean oil external sales reached 115,600 tons, a jump of 1,070.6% from a year ago.

Brazil: Mato Grosso will have below average rains

There were rains recently in the Center-West of Brazil,  but there is a forecast of below average rain in key producing regions of Brazil in the month of November compared to the previous five years, according to Somar Metereologia.

The planting works advanced 18 percentage points in one week for soy, but producers now worry with the weather forecast for the beginning month, data from the Mato Grosso Institute of Agricultural Economics (Imea) reveals. The total sobyean surface planted 44.06% in the state.

Brazil: more worries about the windown to plant the second corn crop

The lack of rains has been a constant in some Center-Western states like Goiás, Tocantins, Mato Grosso do Sul, and Mato Grosso. Moreover, the state of Paraná has also registered major delays of soybean planting. Now, the major worry for farmers in all of these states, which are large soybean producers, but also producers of corn in the winter, is that many farmerswould lose the right window to plant the secorn corn crop. Soybeans are usually harvested between January and February and most farmers plant corn right after over it.

Argentina’s soybean sales are the slowest since 2015

Data from the Rosario Board of Trade reveal that the soybean sales in Argentina are the slowest since 2015, when the country was still governed by the Kirchner administration.  On the other hand, grains from the coming season have more volume and the largest commercialization of the last six years. For the coming crop, 4.9 million metric tons were already sold.

The explanation from the tax reduction. The current of soybean exports are at 30%. For 2018, the sales of the grain will a rate reduction of 0.5 percentage points per month. For the end of the next year, the rate would be 24%, which generates a larget difference for the future.

In Rosario, the value of the oilseed dropped 2% to US$ 252 per ton. The contracts for May 2018 are quoted at US$ 265 per ton. The difference between both contracts widened to 5%. For the Futuros Y Opciones analyst Dante Romano this trend would continue.

“In this context, farmers will retain more grain once the producer sees a prize increasing slowly, leaving the grain in the silo bags”, stated the analyst.

The level of soybeans processed are also the lowest since 2015. Yet according to the Rosario Board of Trade, the volume of final stocks in Argentina would reach a record of 16 million metric tons. Therefore, the historic volume to be sold next year would be 70 million metric tons. A large of the contracts to be delivered next year do have a price set.

Argentina: hail storm brings more damage in Córdoba province

Several localities in the province of Córdoba, Central Argentina, have suffered this morning (10.27) with a 15-minute storm. After several months with a high level of water, strong rains affected localities in the province like Río Tercero, Embalse, Almafuerte, Berrotarán, and La Cruz. Power outages were registered in all of these locations.  The precipitation level this morning reached 2.7 inches.

Argentina has already started soybean planting. In the case of corn, nearly 32.8% of the surface is already planted, according to the data from the Buenos Aires Cereal Exchange. The harvest takes place for wheat, where the nationwide surface was 2.8% harvested.

Brazil’s soybean planting nears 30% of the surface

Data revealed by the consultancy AgResource says that the soybean planting in Brazil has already reached 30% of the estimated total surface. Compared to the previous year, there is a delay of nine percentage points. The delay is mostly attributed to the irregularity of rains in Mato Grosso and excess of rain in the Southern States.