2023/24 Brazil soybean production is unchanged at 150.6 [147.1–154.0] million tons, as recent warmth and dryness bode well for harvest and late season crop dry-down. Our current median estimate is 4.4 million tons below the USDA’s World Agricultural Outlook Board (WAOB)’s 155 million tons, which assumes soybean sowings at 45.9 million hectares and national level …
Continue reading “Brazil soybean production unchanged with harvest season in full swing”
Four reservoirs go dry as storage in India’s 150 major reservoirs drops for the 24th week in row Four of India’s 150 major reservoirs have gone dry with three of them in the southern region even as the storage in them declined for the 24th week in a row, data from the Central Water Commission …
Continue reading “Water level in over 70% of reservoirs in South below 40% of capacity”
El Nino dissipating, neutral weather conditions likely to emerge by June Chances of La Nina, which results in heavy rainfall and floods particularly in India, emerging after June have increased even as El Nino is dissipating, two global weather agencies have said. “El Nino continues and is near its end….While three out of seven international …
Continue reading “Chances of La Nina emerging in H2 higher,say two global weather agencies”
The rainfall in Argentina last week favored north-central, northern, and eastern Argentina. Heavy amounts were recorded in eastern Buenos Aires where there may be some localized flooding. Rainfall is expected in Buenos Aires on Monday with more rain on Wednesday in Buenos Aires, Santa Fe, and Entre Rios. Rainfall next week in Argentina is expected …
Continue reading “2023/24 Argentina Soybeans Rated 30% GD/EX up 1%”
Rainfall last week in Brazil favored northern and southern areas with some of the heaviest amounts in southern Rio Grande do Sul. South-central Brazil received lighter amounts with elevated temperatures. The forecast for this week is calling for active rains in far southern Brazil with increases chances of rain in south-central Brazil. The 2023/24 Brazil …
Continue reading “2023/24 Brazil Soybeans 62% Harvested vs. 64% Average”
The Black Sea region is a powerful producer of oil crops. The total harvest of sunseed, rapeseed and soybeans in Ukraine, Romania, Bulgaria, Moldova and russia in 2023/24 will be 59 M mt, which is about 11% of the world harvest of these crops. Taking into account the conditions and peculiarities of each country, it …
Continue reading “Black Sea & Danube Region. Oilseed Crop Forecast,2024”
A new front of heavy rains over key grains regions of Argentina could be “very damaging” to the South American country’s current soy and corn crops and could dent production, a local grains exchange and a weather expert said on Wednesday. Argentina, one of the world’s top two exporters of soybean oil and meal, and …
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*Petro drops on fresh talks for Gaza ceasefire/USDX firms*FedBank signals 3 Rate cuts by Dec so US major Equity Indexes hits lifetime high as Funds see more Money flow in Equities once IntRate cut begins
*Brazil Soybean supplies elevates so Ships 33765 Ton to Argntna in 1-20 March *Pagagua 1-20 March SoyOil shipments 12104 Ton
India VegOils April/Sep 14 LacTon Excess Import effect muted by Oct/March 16.85 LacTon lower Import-RBD Olin now back at March 23 level Rs 95kg level-but All Other VegOils still trades much below March 2023 level-KolhuOil Rs 10kg below LY-Soy/CotRef trails Rs 5-6kg-SunOil Rs 9kg below LY