Price: €11.00
Member Price: €0.00

Soybeans: Brazil's crop estimates higher than expected

January 22, 2020 at 2:41 PM , Der AUDITOR
Play report as audio

CHICAGO. The US soy market declined sharply again after a strong start in the morning. Forecasts for a high soybean crop in Brazil increased the pressure on soybean futures. As expected, China did not buy soybeans in the USA, but is waiting for cheap prices after the Chinese New Year festival, when Brazil's soybean harvest has picked up speed.

In the USA, soybeans were quoted at 917.75 cents per bushel in Chicago, which is 9 cents lower than yesterday. The South American soybean crops caused massive pressure. In Brazil, AgRural had raised its estimate to 123.9 million metric tonnes of soybeans, a good 900,000 metric tonnes above the USDA estimates. Brazil's soybeans were harvested on 1.8% of the cultivated area. In Argentina rain improved the cultivation conditions for soybeans. Last week, a good 93% of the area under cultivation was sown, and the rain could still compensate for the predicted decline in cultivation

Categories:

View related articles

Go to the News Overview
Oilseeds
Aug 18, 2026
WASHINGTON, D.C./KYIV. In its latest WASDE report, the USDA has maintained its positive crop forecasts for the 2026/27 season. According to market players, there could be shifts in the sunflower oil market. Between July and mid-August, EU countries once again recorded high levels of imports from Argentina.
Nuts
Aug 17, 2026
NEW DELHI/REUS. The Indian peanut market is under pressure following the recent price declines and in the face of higher crop expectations. The INC has announced new estimates for global peanut production in 2026/27.
Oilseeds
Aug 13, 2026
NEW DELHI/SEOUL. Exporters in India are getting fed up waiting for the new Korean tender for sesame seeds. China has cut spending. South Korea has changed its supply chain.
Oils
Aug 12, 2026
ANKARA. Industry representatives in Turkey are outraged with the additional import duty applying for olive oil in the US. Many challenges prevail for production and exports. Prices are unreasonably high. Carry-over supplies will be a big problem next season.