International Soy Markets

18-Dec-2024 08:08 AM

International Soy Markets
Weather Impact
Brazil: Expected rainfall through the end of 2024, beneficial for crop development.
Argentina: Sporadic rainfall in some regions, potentially impacting yields.
USDA Reports
Two private soybean export sales announced:
187,000 MT sold to Spain.
132,000 MT sold to undisclosed buyers for the 2024/25 shipment season.
Brazilian Exports
December soybean exports forecast at 1.62 MMT, a slight increase from earlier estimates (ANEC).
The Brazilian real hit an all-time low against the US dollar, potentially boosting export competitiveness.