Posts

Photo of Brazil soybeans shipped by vessel

Brazil soy export costs to fall in coming years – Louis Dreyfus

SAO PAULO, June 1 (Reuters) – The cost of exporting soybeans from Brazil will decline in coming years as infrastructure improves, particularly in the northern part of the country, an executive for commodities trader Louis Dreyfus Company BV said on Thursday.

Luis Barbieri, oilseeds director for Louis Dreyfus’ Brazil unit, said investments in logistics are likely to boost soy production in new areas in northern Brazil.

Speaking at a commodities seminar in Sao Paulo, Barbieri said soybean planting would increase in degraded pastures or replace areas used for livestock.


Source: Reporting by Roberto Samora; Writing by Marcelo Teixeira; Editing by Andrew Hay, Thompson Reuters

Chart image

Optimism remains for U.S. soy exports amid Brazilian competition – Reuters

The opinions expressed here are those of the author, a market analyst for Reuters.

By Karen Braun

CHICAGO, March 10 (Reuters) – U.S. soybean shippers may have been disappointed with demand revisions from the U.S. Department of Agriculture on Thursday, but there is good reason to maintain optimism over the domestic export outlook.

In its monthly supply and demand report, USDA reduced 2016/17 U.S. soybean exports to 2.025 billion bushels. This follows four straight months with the estimate having been unchanged at the 2.05 billion mark.

While the new figure still represents a 5 percent increase over the previous high set last year, the move is somewhat unprecedented as the U.S. agency has not made any cuts to domestic soybean exports later than January during the past three record-setting years.

The decrease in U.S. exports was not severe – only 25 million bushels or 680,000 tonnes – but given that global soybean demand actually Read more

South America Calling

Favorable Rain Boosts Brazil Crops

Private Brazil crop analytical firm Safras and Mercado put a new benchmark on Brazil soybean production at the end of the week. The projection from this firm is 106 million metric tons — a new record and well-above the 96.50 mmt crop estimate for the 2016 harvest. The Safras projection is 4 mmt above the latest USDA figure in its World Agricultural Supply and Demand Estimates (WASDE) report. Read more

Brazil opens two new rail-port grain terminals in north

Source: DTN, Alastair Stewart South America Correspondent

VLI, a Brazilian logistics operator, announced it had opened two new grain terminals in the northern state of Tocantins, continuing the improvement in logistics in Brazil’s expansion regions.

The terminals serve the north-south railroad, also essentially controlled by VLI, on which beans and corn from Maranhao, Tocantins, Piaui, Bahia and eastern Mato Grosso will be transported to the northern port of Itaqui.

The R$264 million ($73 million) investment will increase grain capacity along the north-south route by up to 6 million metric tons (mmt), estimates VLI. Read more

Grain analyst warns of leaner years ahead for Ontario growers

By Blair Andrews, QMI Agency

The next few years will be leaner when it comes to grain prices, a market analyst for an international feed and grain company warned Thursday at the Chatham-Kent Farm Show.

Bruce Trotter based his sobering outlook on a few factors, including lower growth expectations for China and the ethanol industry.

Trotter, who works in Blenheim as the managing director for the Canadian branch of Dutch-based Cefetra, said the era from 2006 to 2011 was a time of rising land prices and better crop margins driven by bio-fuel mandates and very high growth in China.

But the mandated growth in ethanol and bio-diesel is over, and he described the most recent years as an “ethanol hangover.” Read more

Brazilian farmers planting soybeans at half the average pace

From  Soybean and Corn Advisor: Nov. 4, 2014

With the soil moisture improving across much of Brazil, most farmers are actively plating their 2014/15 soybean crop. The rainfall in Mato Grosso has been adequate in some areas and lighter than desired in other areas. The rainfall though has been lighter as you move east into states like Goias, Bahia, Sao Paulo, and Minas Gerais. In southern Brazil the soil moisture remains very favorable with too much rain in fact in parts of Rio Grande do Sul. The forecast looks favorable for more rainfall over the next two weeks in the more western areas of Brazil, but still dryer than desired for the more eastern areas.

Read more