Global Savors | Commodity Data’s Post

🌟 Corn Weekly Market Report Now Available! 🌟 Stay informed and ahead of the curve with our latest weekly market report on corm! 📈 This Week's Highlights: Positive supply outlooks from the US and Brazil have driven down corn prices, while high freight rates and the strong US dollar influence import choices, and excessive imports coupled with stagnant consumption demand pose significant near-term challenges for the corn market. 🔔 Follow our page for regular updates and insights! Feel free to reach out to our team for any questions or comments.  📧 Mr. Hoang: hoang@namagro.com  📧 Mr. Phuc: phuchoang@namagro.com #Corn #MarketReport #AnimalFeed #Trade #Namagro

China, United States, and Brazil were the top 3 countries with the highest crush of 'Meal, Soybean' in 2024. Together, they account for 65.32% of the global total of 330k (1000 MT). Follow @globalsavors for more. #globalmarkets #export #commodities #financialmarkets #marketdata

THE UNITED STATES, BRAZIL, AND CHINA SOYBEAN TRIANGLE: A 20-YEAR ANALYSIS — by Joana Colussi, Gary Schnitkey, Joseph Janzen, and Nick Paulson The United States and Brazil are major competitors and together supply over 80% of soybean global exports, while China accounts for about 60% of total soybean imports. Soybeans are the largest agricultural commodity exported to China by both the United States and Brazil. The recent history of the US-Brazil-China soybean trade triangle points to a trade-off between resiliency and growth in commodity marketing. The U.S. has managed to diversify its soybean use which may make markets for U.S. soybeans more resilient in the face of future shocks. However, it has failed to capture the growth in global soybean demand due to Chinese imports which has mainly gone to Brazil. Read more: https://lnkd.in/eQEE6QsM #soybeans #trade #exports #brazil #china #demand

𝗨.𝗦. 𝗔𝗚𝗥𝗜𝗖𝗨𝗟𝗧𝗨𝗥𝗘 𝗧𝗨𝗥𝗡𝗦 𝗜𝗡𝗪𝗔𝗥𝗗 My farmdoc colleagues just published an excellent new article on the U.S., Brazil, and China soybean trade "triangle." The article is well worth your time to read. They make an important point about the tradeoffs the U.S. and Brazil face in their soybean sectors. Brazil is booming but basically has only one big customer---China. The U.S. has a smaller but more diversified demand base and may be more resilient to global demand shocks as a result. I agree with my colleagues and heartily recommend reading the article. However, the article does not answer why the U.S. and Brazil have made such different choices for such big crop sectors. My explanation is that the US crop sector is in the process of re-insulating itself from world markets. We did it with farm bill programs through supply control from the 1930s through the 1990s. The 1995 Freedom to Farm programs largely ended the direct supply interventions. Apparently, US crop farmers prefer insulated domestic markets. But this time we are re-insulating through the demand side rather than the supply side. It started with the RFS and the decoupling accelerated with the renewable diesel boom, which has priced the US out of the global soybean oil market, and on the horizon are low carbon fuel incentives that will be the next step in the decoupling. The one negative demand side policy in this period was Trump's trade war with China, but I think it was another important data point in the movement toward insulating the domestic U.S. crop sector from the world market. I am not saying the U.S. is going to 100% leave global crop markets. That is obviously never going to happen. But if you step back and take a big-picture look at what is happening, this is the strategic direction of the U.S. crop sector. We are once again becoming domestic market focused due mainly to biofuel policy. Funny how the more things change the more they don't change. #corn #soybeans #biofuels #Brazil #China #agriculture #policy

Brazil, and Argentina were the top 2 countries with the highest total supply of 'Meal, Soybean (Local)' in 2024. Together, they account for 100.00% of the global total of 77k (1000 MT). Follow @globalsavors for more. #import #tradeflows #globalmarkets #commodities #economy

The United States Department of Agriculture (USDA) has updated its forecasts for Brazilian #soybean production. In addition to updating projections for the current harvest, the agency has included its first estimate for the 2024/25 season in the report. 🌱 📊 The USDA has revised this season's production estimate downward to 154 million tons from the previous 155 million, contrasting with market expectations of 152.6 million. For the 2024/25 harvest, it estimates production will increase to 169 million tons. 📈 🌍 Chinese soybean imports for the 2023/24 season are projected to remain stable at 105 million tons, with an expected increase to 109 million tons in the next season. Globally, the USDA anticipates the soybean harvest will reach 422.26 million tons in 2024/25. 💼 Seeking expert insights into the commodities market? Reach out to SA Commodities and let us guide you in making informed decisions for your business. #GlobalShipping #InternationalTrade #AgriExports #ShippingWorldwide #COMEX #LogisticaGlobal #LogisticaInternacional #TransporteDeCarga #Importacao #Exportacao #Commodities #Agribusiness

Morning Wrap up: Market Recap by Eduardo Vanin The FX in Brazil fell more than 2.3% last week, marking the first drop in 7 weeks. The market is still waiting for details on where the government expense cuts will come from. Soybean farmer selling in Brazil reached 4.5 million tons last week, the biggest volume this season (50% old crop / 50% new crop). Estimates indicate China purchased 50-55 cargoes last week, concentrated for August, March, and April – some say could be more than 60...Continue reading at https://lnkd.in/dKQChVZV

In recent years, China emerged as the world's largest corn importer, with significant imports of barley and sorghum some years. This year, despite a strong start in December with a monthly record of nearly 5 MMT, China's corn imports have steadily declined. The impact is notably felt in Brazil, with a sharp drop in confirmed purchases compared to the previous year. Several factors contribute to this decline, including reduced demand for livestock products due to economic challenges, potential over-purchasing by feed processors, and strict management of corn imports by Chinese authorities. The country's corn import dynamics are further complicated by quotas and regulatory interventions, unlike soybean imports. The upcoming weeks are crucial for Chinese corn imports, especially from Brazil and Argentina. Failure to resume significant purchases soon could indicate an early end to this year's import season. For a detailed analysis of the global corn trade outlook, check out our Weekly Newsletter. Reach out to me via LinkedIn for a complimentary copy.

The reduction is largely due to declines in key imports such as corn (-45.4%), soybean meal (-34.7%), and wheat (-37.3%).

Global soybean trade in 2024/25 (Oct/Sep) could rebound y/y, buoyed by expanding feed and food sector needs. Shipments to China and other Asian markets are set to increase, with buyers elsewhere, including in Europe, the Americas and Africa, also securing more. (Grain Market Report)