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
Aug 28, 2026
BRUSSELS. Intensifying attacks are taking their toll on Ukrainian and Russian wheat. Traders are using alternative routes for Ukrainian corn. Soy is in high demand. Trump’s trade war with Canada may impact canola.
Oilseeds
Aug 27, 2026
NEW DELHI/KHARTOUM. Sesame seed prices on the Indian market are coming under increasing pressure. Demand leaves much to be desired. In Sudan, lower rainfall has caused delays in sowing.
Oilseeds
Aug 27, 2026
OTTAWA/ASTANA. Canada’s flaxseed exports rose by 25% in the first half of 2026. Market players are awaiting the new crop. Sufficient supply on the international market is increasing competitive pressure.
Oilseeds
Aug 26, 2026
SOFIA/KYIV. Bulgaria plans to step up checks for pesticide residues in sunflower seed shipments from Ukraine. Analysts expect prices in Ukraine to fall as the new crop becomes available.