Soybean prices on the rise: Climate impacts in South America
According to StoneX, soybean prices on the Chicago Stock Exchange have risen significantly over the past week. This movement was driven mainly by short position covering by hedge funds and adverse weather conditions in South America. Although the global supply and demand scenario indicates a balance […]
India's palm oil imports fall by 34%
India’s palm oil imports fell by a third in September from the previous month, hitting their lowest level in six months. Rising prices for tropical palm oil have made it more expensive relative to rival oils, prompting refiners to delay purchases, according to five traders […]
Trends and challenges of fatty acids in Brazil
The September issue of Revista Química e Derivados featured contributions from the manager of Aboissa’s Oleochemical Products unit, Felipe Cavalcante, who addressed trends and challenges in the fatty acids market in Brazil. The article explores topics such as the impact on the cosmetics, food and pharmaceutical industries, as well as the growing demand […]
India set to receive above-average rainfall in October
India is set to receive above-average rainfall in October, following unusually high rainfall in the past three months. According to a senior official at the India Meteorological Department (IMD), the rains could damage summer crops that are ready for harvest. Mrutyunjay Mohapatra, director general of the IMD, said that October rainfall is expected to exceed […]
Soybeans down in Chicago, corn and wheat continue to rise
Soybean futures traded on the Chicago Stock Exchange are falling, while other markets are following an upward trend, contradicting the general behavior. The market is operating in negative territory this Wednesday (2). In this sense, around 1:40 pm (Brasília time), losses varied between 3.25 and 5 points in the main maturities. In addition, […]
Australia could be a winner in canola trade
Australia would likely benefit most from a shift in global canola trade flows if China imposes tariffs on Canadian imports of the oilseed. However, Beijing will need to address concerns about the blackleg fungus. China, the world’s largest canola importer, has shaken up the market by announcing a tariff on the oilseed […]
Sowing of the summer crop 24/25
Sowing of the 2024/25 summer crop in Brazil advanced to 16.2% of the national area last week, according to Grão Direto. This index, however, is lower than the 18.3% recorded in the same period in 2023, according to data from Conab. The positive highlight was the progress observed in the South of the country, where the pace of […]
September fires exceed average by 30%
Recent data from the Burnings Program, from the National Institute for Space Research (INPE), reveal that 2024 is consolidating itself as one of the years with the highest number of fire outbreaks in the last decade. In September, the country registered more than 80 thousand outbreaks, a number about 30% higher than the historical average recorded since 1998 by INPE. […]
Soybeans: Positive performance driven by climate in Brazil
Soybean prices performed positively last week, with unfavorable weather in Brazil being one of the main supporting factors. According to Grão Direto’s market analysis, the heavy rainfall forecast for the second half of October is eagerly awaited by producers. However, until then, the scenario […]
