GDP of the soybean and biodiesel chain should fall by 5.33%
After significant growth of 21% in 2023, the GDP of the soybean and biodiesel chain is expected to fall by 5.33% in 2024, according to data released by Cepea (Center for Advanced Studies in Applied Economics) at Esalq/USP, in partnership with the Brazilian Association of Vegetable Oil Industries (Abiove). The main cause of this […]
Malaysian palm oil closes sharply lower on Monday
The September palm oil contract on the Malaysian Derivatives Exchange (MDEX) closed Monday’s session (12) down 10.50 points and 1.22%, quoted at US$ 848.50/ton. The October contract fell 14.00 points and 1.65%, traded at US$ 832.50/t. In this session, commodity prices were pressured by […]
Argentina soybean industry strike nears one-week mark
A strike by oilseed workers in Argentina is set to enter its seventh day on Monday as wage negotiations with companies remain stalled, affecting shipments from one of the world’s largest grain exporters. “For now, we will continue with the strike,” said Martin Morales, secretary of the oilseed workers union.
SIAVS 2024: Largest poultry and swine farming event in Latin America
SIAVS (International Poultry and Swine Show) is the largest event in the sector in Latin America, bringing together 30,000 visitors from 60 countries, in addition to 317 exhibitors. The event was also attended by 2,500 congress participants and 2,400 producers. Our experts were present during the three days of the fair, which took place from […]
Strong demand supports soybean prices in Chicago
At 11:45 am (Brasília time) this Friday (9), the September soybean contract on the Chicago Board of Trade (CBOT) showed a slight increase of 1.00 points and 0.10%, traded at US$ cents 994.50/bushel, but with an accumulated weekly loss of 1.85%. The November maturity rose 0.50 points and 0.05%, to US$ cents 1,008.75/bushel. Support for demand […]
Argentina's harvest advances this week
According to the Buenos Aires Grain Exchange (BCBA), the current crop scenario in Argentina shows significant progress in the main agricultural commodities. In the case of wheat, the cultivated area is estimated at 6.3 million hectares. Of this total, an impressive 90% have cultivation conditions classified as normal or good. In addition, […]
Palm oil prices rise moderately in Malaysia
The September palm oil contract on the Malaysian exchange closed Thursday’s session (8) with a moderate increase of 4.50 points and 0.54%. This, quoted at US$ 842.50/ton, but with a weekly devaluation of 4.59%. The October contract advanced 4.50 points and 0.55%, traded at US$ 827.75/t. In this session, trades promoted adjustment […]
Brazilian exports drop soybeans in Chicago
According to TF Agroeconômica, the soybean market on the Chicago Stock Exchange closed lower on Wednesday, reflecting the unfavorable scenario. The August 2024 soybean contract closed down 0.80%, at $1,020.25 per bushel. The September 2024 contract registered a drop of 0.86%, or $8.75 cents per bushel, […]
Second crop harvest exceeds 90% in Brazil, reports Conab
The National Supply Company (Conab) released its weekly monitoring of Brazilian second crops and updated the development stage of the 2023/24 summer corn crop and the second 2024 crop in Brazil. The second corn crop continues to be harvested, rising from 86% last week to 91.3% of the total cultivated […]
