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soy-oilseeds

Oilseed Highlights: South America Soy Crops; U.S. Soy Export Sales; Argentine Export Tax

Widespread Rainfall Saves Soybean Crop in Brazil, Argentina’s Crop Still at Risk In past weeks, a lot of Brazil’s soybean growing areas were impacted by dry weather. That caused many to believe the 2021 soybean crop would be well below expectations. However, over the last 10 days most of the Brazilian soybean growing areas have received substantial rainfall that has boosted production forecasts. USDA’s agriculture counselor’s staff in Brazil now estimate the Brazil’s 2021 soybean crop at 131.5 MMT. That would be a new record high but is below USDA’s forecast of 133 MMT. However, the agricultural counselor’s staff indicate it is still too early to get a good assessment of the actual yields Brazilia...

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