StoneX cuts Brazil’s 2024/25 soybean and corn crop forecast
Brazil’s 2024/25 soybean crop is expected to be 167.54 million tonnes, consultancy StoneX said on Tuesday, downgrading its forecast from a previous estimate of 168.34 million tonnes, mainly due to unfavourable weather conditions in Rio Grande do Sul state.
StoneX also revised down its estimates for Brazil’s 2024/25 corn production.
The first corn crop is now expected to be 25.90 million tonnes, down from a previous 26.53 million tonnes, while the second crop is now forecast at 101.62 million tonnes, down from a previous 102.13 million tonnes.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Strong oilseed processing results and biofuel demand support ADM earnings
Spread between domestic and global prices for Russian wheat nearly doubles
India increases state purchases of mustard and other oilseeds
Ukraine enters new season with no carryover rye stocks
Russia may launch state grain purchases amid export disruptions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon