Tagged: Brazil

The News & What it Means – Quiet for Now but Market Attention to Soon Turn to South America

By John DePutter & Dave Milne – Oct. 16, 2018

 

The news:

“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

 

What it means:

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.

 

The News and What it Means – Soybean Rally May Need More than Argentina Weather

By John DePutter & Dave Milne – January 30, 2018

 

The news:

“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