Thursday February 29, 2024

  • Brazilian soybean exports cut from 98.1 to 97.8mmt, down from 101.86mmt in 2023. Processing domestically is holding steady at 54.5mmt this month compared to 53.7 mmt this time last year. 
  • Brazilian harvested soybean acreages are estimated at 42% completed. Reports indicated that early planted soybeans yielding poorer, but the later planted crop is is anticipated to produce near average yields. 
  • The corn prices have closed in the green for 3 consecutive days.
  • 2023-2024 Russian wheat shipments up 15% from last marketing year at 32.6 million tonne.