By John DePutter & Dave Milne – January 22, 2019
The news:
“The partial US government shutdown and the resulting lack of weekly and monthly USDA reports is taking a toll on Chicago grain futures.”
– Syngenta website article, Jan. 16, 2019
“The partial US government shutdown and the resulting lack of weekly and monthly USDA reports is taking a toll on Chicago grain futures.”
– Syngenta website article, Jan. 16, 2019
“Brazilian farmers are planting the new soy crop at a record pace, reaching 20 percent of the projected area by Thursday, consultancy AgRural said on Monday.”
-Reuters, Oct. 15, 2018
The impact on Chicago soybean futures may be negligible or even non-existent for now, but don’t go to sleep on it – Brazil is a major market factor.
“Shifting trade flows are redefining the Brazilian landscape, spurring more farmers to align their crops with Chinese appetites.”
– Reuters, Aug. 14, 2018
“Argentinian production of soybean is to hit a five-year low of 52 million tonnes in the 2017/18 crop year, as yields are expected to fall 13% to 2.9 tonnes/hectare, according to a weekly market note by the Rosario Board of Trade.”
– AgriCENSUS, Jan. 29, 2018
Brazilian producers have 73% of the estimated soybean area planted for the 2017/2018 crop. Now, the planting of Brazilian soybeans is no longer behind schedule. The rains that have fallen in all of the main producing regions have allowed the advance of the sowing.
– Successful Farming, Nov. 17, 2017