When the U.S. Federal Reserve announced it would ease its stimulus program and by sometime raise interest rates, that decision brought several changes to the general outlook of the world's economy. The U.S. dollar, according to some analysts, tends to be stronger around the world. In the case of South America, the top America competitor at the international grain supply, currencies may devalue even more because of local issues.
The USDA reveals that China imported a volume of 84,000 tons of sorghum in 2011/2012. Just two years later, during the 2013/2014, the Asian giant imported 3.4 million tons.
You can find anything from salami to the biggest tractors on the market at this huge farm show in Brazil.
PORTO ALEGRE, Brazil (Agriculture.com)--It may sound surprising for some in the U.S., but farmers in Brazil will increase the soybean area and expect a new record crop, according to producers attending this week's ag expo in the southern part of the country.
For the 2014/15 crop season that starts this month, Celeres consultancy puts an early forecast of production of 91.35 million tons of soybeans. This would be a 6% hike compared to the current crop.
in the states of Mato Grosso and Mato Grosso do Sul, corn and soybean growers should be cautious with the variation of rains and weather patterns, according to one ag meteorologist.
Approximately 39% of grain farmers in Argentina will need to finance the next crop. The trend is that soybean stocks start to be sold faster soon, so that they get can the money to buy the inputs.
When soybeans reached their lowest value in Chicago since February (US$ 13.63 a bushel last week), it may have turned the red light on for some farmers. That is not the case, however, for the majority of growers down in Brazil.
Argentina has sold approximately US$ 10.1 billion in grains so far this year, according to data from the Center of Cereal Exporters of the country. But the country's farmers are still sitting on nearly twice that amount, with no intentions of selling anytime soon.
In stocks, there is an approximate value of US$ 19 billion in soybeans, and the sales of that amount are not seen on the horizon.