China soaks up Brazilian soybeans

As a consequence of the Sino-U.S. trade war, Brazil is likely to ship nearly 60 million tonnes of soybeans to China this calendar year, a 9-percent increase from 2017, say USDA analysts. While the United States is effectively shut out of China because of high tariffs, "U.S. trade opportunities for markets outside of China would rise by nearly 13 million tonnes in the coming (trade) year, compared to 2016/17," according to the monthly Oilseeds: World Markets and Trade report. » Subscribe

Brazil to match U.S. as world’s top soybean grower

After a decade of robust growth, world production of soybeans will grow at a much slower rate of 1.5 percent annually in the years ahead, says two UN agencies in their annual Agricultural Outlook. Brazil, the longtime No. 2 to the United States in soybeans, will reach parity with America, said the report by the Organization for Economic Cooperation and Development and the Food and Agriculture Organization. » Subscribe

Brazil’s Amazon beef plan will ‘legalize deforestation’ say critics

For many, the overriding image of agriculture in the Amazon is one of environmental destruction. About 80 percent of deforestation in the region has been attributed to cattle ranching, tainting beef exports. Brazil’s beef industry hopes to tempt buyers back to the Amazon region, which covers about 40 percent of the country’s total area, with a new… » Read More

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USDA outlook: Record corn crop to swell U.S. stocks, soy exports to recover

U.S. farmers will harvest their largest corn crop ever this year, fueled by the largest plantings since 2013 — growing so much corn that carry-over stocks will be the largest in more than three decades, according to USDA's projection at its annual Ag Outlook Forum. The soybean crop would be the fourth-largest on record, with exports recovering to pre-trade-war levels thanks to "increasing global import demand, particularly for China." » Subscribe