Price: €11.00
Member Price: €0.00

Soy: traders simply refuse to be shocked

July 21, 2023 at 10:27 AM , Der AUDITOR
Play report as audio

BRASÍLIA/CHICAGO. While Russia’s decision to pull out of the Black Sea Grain deal has failed to impress the market, traders in Brazil see great potential in the present demand situation. A new study shows that Brazil will continue to produce record volumes of grain in the next ten years. This will also have implications for fertilisers.

Brazil to produce 188 million mt of soybeans

In a new study released on Thursday Brazil’s Ministry of Agriculture states that the country will increase its grain production to 390 million mt by 2032/2033. This is 24% up on the 313.8 million mt harvested in 2022/2023. Soybeans are the main driver as production is expected to rise by 21% to 188 million mt. This will enable Brazil to export around 121 million mt of soybeans per year, which will account for 61% of world shipments. While the area planted with grains currently spans 77 million ha, it is set to rise

View related articles

Go to the News Overview
Grains
Dec 19, 2025
BRUSSELS. Pressure is mounting for wheat just before Christmas. Corn is not competitive enough for the EU’s feed industry. The lack of clarity over the Trump administration’s biofuel policy is weighing on soybeans. China can hardly wait for the arrival of the Australian rapeseed crop.
Oilseeds
Dec 18, 2025
NEW DELHI/ABUJA. Deliveries of the new crop are putting pressure on prices in Indian trading markets. Bolivian sesame seed exporters have almost doubled their overseas shipments in the first nine months of the year.
Oilseeds
Dec 17, 2025
SOFIA/KYIV. Coceral has published its initial forecast for EU sunflower seed production in 2026. Meanwhile, experts predict a larger crop in Ukraine than official figures suggest. Overall, the market appears to be relatively calm at the end of the year.
Oilseeds
Dec 16, 2025
OTTAWA/ASTANA. Canadian flaxseed farmers have achieved record yields this season. However, due to the smaller acreage, the results are still far from a record crop. Kazakhstan increased its exports by 211% in the first two months of the new season.