12:13 UK, 8th Jan 2016, by Agrimoney.com
The US has timed its estimate for Brazilian soybean production this year by 2m tonnes, citing dry and hot weather in key growing regions. The US Department of Agriculture's Brasilia bureau saw the Brazilian soybean crop at 98m tonnes, which still represents a record output. "The dry and hot conditions in Mato Grosso and other states in central and northeast Brazil are expected to impact yields," the bureau said.
18:46 UK, 22nd Dec 2015, by Agrimoney.com
Michael Cordonnier warned of "poor germination and low plant populations" in the dryness-hit Mato Grosso soybean crop as, with no signs of immediate rain relief for the key producing state, the influential analyst joined commentators cutting hopes for the Brazilian harvest. Dr Cordonnier cut his central forecast for the Brazilian soybean harvest, which starts next month, for a second time this month – this time by 2m tonnes to 97.0m tonnes. The downgrade reduced to 800,000 tonnes the forecast increase in Brazilian soybean output in 2015-16, and took the production figure well below estimates above 100m tonnes prevalent until the past few days.
11:03 UK, 12th Nov 2015, by Agrimoney.com
The surge in China's corn inventories, the subject of a huge upgrade this week which surprised investors, looks poised to come to an end, despite a lingering preference by farmers for growing the grain. China's corn stocks, which according to US estimates account for more than half the world total, "may plateau or begin to fall gradually in 2016-17," the US Department of Agriculture's Beijing bureau said.
