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
Sep 25, 2026
BRUSSELS. Egypt is turning to Europe for wheat. Transportation is becoming more difficult for corn in Ukraine. China is well on course to meet its commitments for US soybeans. EU rapeseed is remarkably resilient considering the extreme heatwaves witnessed in summer.
Oilseeds
Sep 24, 2026
NEW DELHI. Late rainfall has damaged the Indian sesame seed crop. However, the full extent of the damage remains to be seen. Nevertheless, prices are holding firm for the time being.
Oilseeds
Sep 23, 2026
SOFIA/BRUSSELS. Coceral has once again revised its EU crop forecast upwards. In Ukraine, the harvest is progressing more slowly than last year. Nevertheless, the raw material supply is putting pressure on prices.
Nuts
Sep 21, 2026
NEW DELHI/BUENOS AIRES. In India, peanut prices are declining slightly, whilst the outlook remains positive. In Argentina, the supply of available goods is limited, while the acreage in the US has shrunk significantly.