Soybean Buyers Turn Attention to Brazil’s 2021 Harvest

11.02.2021 09:47 "Agro Perspectiva" (Kyiv) — According to the report of the USDA Oilseeds: World Markets and Trade (February 2021), as soybean supplies in the United States tighten seasonally, buyers are turning to South America, particularly Brazil, where harvest is getting underway. Production in Brazil is currently forecast at 133 million tons, up 7 million from last year. However, a lower carryin reduces yearover-year supply growth to 5 million tons. This opens the door for a repeat of last year’s market conditions where limited availability of Brazilian soybeans late in 2021 reduces export competition for U.S. new-crop soybeans.

Global demand remains strong with ship lineups in Brazil exceeding 11 million tons in early February. However, a portion of the lineup may also reflect this year’s delayed harvest. Reports in Mato Grosso show soybean maturity running behind last year, which translates into a later harvest and, therefore, slower movement of soybeans to port.

The large lineups also point to a quick run-up in export volume over the next few months.

BR163 is now completely paved allowing easier transport to northern ports and potentially increasing volume shipped through these ports. A complete utilization of ports both north and south would allow monthly soybean export volume to exceed historic norms and potentially raise total export volume through September compared to 2020. With strong export and domestic demand coupled with the smaller supply growth forecast for 2021, an increased export pace would lead to a quicker draw-down in supplies by October. Consequently, U.S. producers would

face limited competition from Brazilian exports at harvest, similar to the situation observed in the last quarter of 2020.

12.04.2021
	11:20	Brazil Soybean Exports Record Large in March
	10:18	Burma Rice Exports Disrupted Amid Coup
08.04.2021
	21:05	Positive cereal crop prospects in 2021
	20:35	Global food prices rise for 10th month in a row
04.04.2021
	10:16	A spicy agricultural heritage: there’s more to wasabi than meets the eye
02.04.2021
	16:00	Turkey. Cattle numbers to increase 1 percent in 2021 to 18.3 million head - USDA
	13:25	Japan To Begin Enforcement of Organic Regulations for Turkey Products
26.03.2021
	13:55	Korea. Overall demand for beef and pork remains strong
24.03.2021
	15:55	Cargill purchases Precision Ag, expanding its Canadian crop inputs business
23.03.2021
	21:28	Ukraine's GDP down by 4% in 2020 – statistics
	21:15	Green Climate Fund approves $80 million in FAO-led projects in Congo and Jordan
	20:31	Ukrainian banks see profit fall by 60% in Jan-Feb - NBU
21.03.2021
	09:49	Business and govt agree to stabilize prices for socially important goods - EBA
16.03.2021
	16:35	Mexico’s chicken meat production, consumption, and imports are projected for 2021
10.03.2021
	21:07	India Corn Exports Competitive Regionally
07.03.2021
	23:15	Early estimate points to record 2021 wheat output
	22:43	FAO Food Price Index rises for ninth consecutive month in February
04.03.2021
	12:33	BASF achieved its 2020 Palm Commitment
01.03.2021
	11:43	BASF Group: Strong performance in Q4 2020 due to higher volumes and prices
16.02.2021
	11:05	Kernel asks AMCU for permission to buy CascadeAgro, 12 more farms of Khomutynnik
13.02.2021
	18:36	Ukraine: EIB provides 320 million EURO for COVID-19 vaccines and improvements in operational resilience at Boryspil International Airport
11.02.2021
	09:47	Soybean Buyers Turn Attention to Brazil’s 2021 Harvest
29.01.2021
	11:15	Global orange production for 2020/21 is forecast to rise 3.6 million MT from the previous year to 49.4 million
28.01.2021
	15:20	USDA attache increased its estimate for South Africa’s 2020/21 MY total corn crop by 14% to 16 million tons
26.01.2021
	17:10	Economy Ministry announces market agreement to limit corn export from Ukraine in 2020/2021 MY to 24 mln tonnes
	13:33	China Lowers Applied MFN Tariff Rates and Revises Out of Quota TRQ Rates
21.01.2021
	11:28	Ukraine plans to return to sending IMF borrowing into NBU FX reserves by 2023 – Finance minister
	09:15	Honey exports from Ukraine increase in monetary terms by 27.2% in 2020
20.01.2021
	21:25	Agricultural production in Ukraine falls by 11.5% in 2020 – statistics
	21:17	Ukraine increases imports of chocolate by 25.7%, coffee by 15.4% in 2020
13.01.2021
	17:25	China Demand and Global Supply Concerns Drive U.S. Soybean Price Higher
	16:30	China Meat Consumption Expected to Rebound in 2021
	10:50	Despite Grain Export Restrictions, Russia to Reclaim Top Wheat Export Position
31.12.2020
	16:37	2020 in review: Focus on staff well-being drives FAO forward
	15:36	Sustainability’s influence on chocolate purchase decisions continues to grow, Cargill study finds
	13:35	Malaysia. Palm oil (CPO) production forecast - 19.6 million MT
28.12.2020
	15:09	Serbia’s total area wheat crop is estimated at 600,000 ha
	14:10	India. Winter temperatures this coming December through February, along with precipitation will be critical
24.12.2020
	17:15	Make #NotWasting food a personal resolution
	16:15	Two cases of HPAI on duck farms in France threatening the foie gras industry
22.12.2020
	21:25	Philip Morris files suit against Ukraine in intl investment arbitration due to AMCU penalty
	21:00	FAO moves to scale up response to Fall Armyworm as pest continues to spread
17.12.2020
	17:15	Global Environment Facility approves over $78 million to support FAO-led projects
	16:38	Desert Locust upsurge continues to threaten food security in Horn of Africa and Yemen despite intense efforts
11.12.2020
	15:55	India Tariff Cut Boosts Palm Oil Imports
	13:31	Global Wheat Prices Supported by Record Global Imports
08.12.2020
	13:00	Jose Carlos Corral Montilla appointed to Managing Director of BTC Europe
	12:10	Chile. Avocado exports will reach 145,000 MT, assuming planted area and productivity remain unchanged
07.12.2020
	15:30	Cargill, IFPEN and Axens collaborate to advance lactic-to-acrylic-acid technology
04.12.2020
	14:15	World 2020 cereal production forecast reduced further