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Argentina's soy planting reaches full speed, first plants show good condition BUENOS AIRES, Nov 21 (Reuters) - Argentina's 2024/25 soybean planting is progressing rapidly with recent rains helping the first plants, the Buenos Aires Grain Exchange said on Thursday. Soybean planting in the world's top exporter of soybean oil and meal advanced by 16 percentage points over the past week, to reach 35.8% of the 18.6 million hectares estimated for this season, according to the exchange weekly crop report. The institution linked the progress to "good surface moisture conditions across a large portion of the agricultural area." It also said that farmers have reported good plant stand results, despite isolated cases where seed quality wasn't up to standard. On the other hand, 2024/25 corn planting only advanced 0.8 percentage point over the last week, as farmers prioritized soybean planting. Farmers have sowed 39.4% of the 6.3 million hectares of cornfields expected for the season. Argentina, the world's third-largest corn exporter and a key global supplier of wheat, has harvested 29.3% of the 18.6 million of wheat expected, the exchange added.

Pleased to share my first article for the Ohio's Country Journal and Ohio Ag Net! From now on, I’ll be providing monthly insights and updates on soybean and corn crops in Brazil and South America. #Agriculture #Soybeans #Corn #MarketUpdate #SouthAmerica #OhioCountryJournal

Brazil and its sea of soybeans By Geraldo José G. Isoldi, Agricultural Markets Analyst for King Korn In a report released on Nov. 14, the second of the Brazilian 24/25 season, the National Supply Company (CONAB, the agricultural Brazilian official agency) announced that Brazil is expected to harvest 166.14 million metric tons of soybeans (6.10 billion bushels). Interestingly, this figure is very close to the latest WASDE projection (Nov. 8), which indicated 169 mmt (6.21 billion bushels). Adding in Argentina’s 51 mmt (1.87 billion bu) and Paraguay’s 11.2 mmt (411.59 million bu), both projected by the USDA, South America’s total soybean production could reach a record 230 mmt (8.45 billion bu) — a true sea of soybeans. For Brazil, this estimate is also the largest ever, 6.7% above the previous record of 155.7 mmt (5.72 billion bu) in the 22/23 season. The soybean crop in Brazil traditionally starts in mid-September, with the states of Paraná and Mato Grosso.… Continue reading https://lnkd.in/gfKCTsTh

Argentina's soy planting makes fast progress after abundant rains BUENOS AIRES, Nov 14 (Reuters) - Argentina's Buenos Aires grains exchange said on Thursday that soybean planting had progressed very smoothly over the past week, following abundant rainfall across key parts of the major grains supplier's agricultural heartlands. Argentina is the world's top exporter of soybean oil and meal, and its farmers have already planted some 20.1% of an expected 18.6 million hectares this season, the exchange said, marking a rapid 12.2 percentage point increase over the last week. "Optimal surface moisture has allowed early soybean planting to progress smoothly over both key agricultural hubs," the exchange said in a weekly report. The report was published a day after the Rosario grains exchange edged up its forecast for the country's soy output to 53-53.5 million metric tons from a prior forecast of 52-53 million tons. Regarding the nation's corn farming, the Buenos Aires exchange said farmers had planted some 38.6% of an expected 6.3 million hectares, while wheat farmers had sowed 17.2% of an expected 18.6 million hectares of wheatfields. Argentina is the world's third-largest corn exporter and a key global supplier of wheat.

Argentina's soybean fields in good shape after recent rains, report shows BUENOS AIRES, Nov 28 (Reuters) - Argentina's 2024/25 soybean crop is in good condition after getting a moisture boost from rainfall in the country's main farming regions in recent weeks, the Buenos Aires grains exchange said on Thursday. According to the exchange's weekly crop report, 98% of the area planted with soybeans now has adequate to optimal moisture. Argentina is the world's leading exporter of soybean oil and meal. Farmers have so far planted 44.4% of the 18.6 million hectares (46 million acres) sown with soybeans, advancing 8.6 percentage points in the last week, according to the report. Regarding the 2024/25 corn crop, the exchange said the rains "have allowed the continued improvement in the condition of early plantings (plots planted)," with nearly 97% of cases analyzed nationwide in normal or excellent condition. The exchange estimates that Argentine farmers have already planted 41.3% of the 6.3 million hectares it forecasts will be planted with corn this season. The exchange also said that 38.7% of the wheat for the 2024/25 campaign has already been harvested, with production estimated at 18.6 million tonnes. Argentina is the world's third largest exporter of corn and a key global supplier of wheat.

Daily news headlines for 5.07.24 📉 CBOT Trends-Wheat down 14-16 cents, corn down 5-7 cents, soy down 17-19 cents on pressure from freshly harvested U.S. crops and an improving yield from Russia's harvest. https://lnkd.in/gC6dUXzr 📊 Five Key Charts to Watch in Global Commodities This Week. https://lnkd.in/gZZQ3wEE 🌽 Brazilian farmers in the key center-south region had harvested 74% of their second corn crop for the 2024 cycle as of last Thursday, up from 63% in the previous week, agribusiness consultancy AgRural said. https://lnkd.in/gVfaR7s4 🇷🇺 The Russian government has consolidated control over grain exports as a continuation of efforts to increase its influence on the global wheat market. https://lnkd.in/gXNjxccu 🇨🇦 The government of Canada will invest up to C$3.04 million over five years to support research for grain and oilseeds producers in Atlantic Canada with unique regional issues such as growing conditions, production challenges, and agronomy. https://lnkd.in/guTVbj4T 🌽 Taiwan's MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn which can be sourced from the United States, Brazil, Argentina, or South Africa. https://lnkd.in/gHni9euy

Given the record #wheat yields the last two years, farmers in #Uruguay are expected to plant more in the 2024-25 season, but total production is expected to drop slightly. Production in 2023-24 is estimated at 1.56 million tonnes, one of the top three largest volumes in history because of extraordinary record high yields. → https://ow.ly/ktt150RmiU2 #agriculture #agribusiness #grain

Turkey farmers kick off wheat harvest 15 days earlier than usually In Turkey, wheat harvesting began 15 days earlier than usual, with first crops threshed in Adana, said agriculture journalist Ali Ekber Yıldırım. Protein level there shows 15.5%, but in general wheat yield is expected at the level of 2023. With areas growth by 7% y/y, according to Ministry of Agriculture, total wheat production can be expected at 22 MMT in 2024, Ali Ekber added.  Union Of Turkish Chambers Of Agriculture announced cost of wheat production (in dry conditions) at 10870 TL/T (~334 USD/T), up 62% y/y. Such a rise is due to drastic growth of fuel prices and fertilizers in Turkey. However, in Apr, TMO sold wheat at prices average 9700 TL/T (~300 USD/T), and as of May, offer prices EXW set at 8950 TL/T (~277 USD/T).

There was a bit of something for everyone in the USDA's Aug. 12 Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports: A record forecast for US soybean production, the third-largest #corn crop on record, slightly less #wheat than in July but 9% more than in 2023. A deeper dive into the numbers → https://ow.ly/PIg150T3U2E #agriculture #agribusiness #grain #soybeans

#Brazil, among the world’s agricultural powerhouses as a producer of corn and soybeans, is looking to become self-sufficient in the production of #wheat within the next decade. In the early 2000s, Brazil’s wheat production was able to meet just over 30% of the national demand. However, by the 2022-23 harvest, this self-sufficiency rate had increased to 80%, a significant improvement. Despite this progress, the country still faces a gap between production and consumption. → https://ow.ly/xmeJ50Svpmy #agriculture #agribusiness #grain