One beef analyst is skeptical that imports of U.S. beef could grow substantially in Brazil.
Argentina is set to pass Brazil in corn exports.
A trade settlement could open up a huge ethanol export market in China, former USGC leader says.
With the help of U.S. crop experts, the Brazilian soybean production, combined with Argentina, has boosted South America’s output to the point that it now rivals that of the U.S.
Outside of Mato Grosso, many states are reporting possible yield losses from dryness.
With planting ahead of schedule, Brazil is on its way to an early soybean harvest with an estimated production of 119 million metric tons.
Overall, the weather has been very favorable for Brazil’s planting season.
The latest report from Brazil’s National Supply Company (Conab) puts the South American country at a projected production of up to 119.3 million metric tons.
The weather is good and tends to continue to be good.
Argentina’s rising debt level is pushing up export taxes.