A weekly report detailing South American agricultural markets. Includes the latest news and analysis, plus updated Brazilian and Argentine cash prices, exports, currencies, and our latest production and export estimates.

AgResource LATAM, Aug 9

Brazil, August 9th ______________________________________________________________________ Brazil’s updated production estimates for soybean and corn for the 2022/23 cycle and 2023/34 forecast for South America by AgResource Brazil For soybeans the production for the 22/23 harvest has slightly increased, and the figures align with what AgResource believed in previous analyses. Due to productivity adjustments in other states, the…

AgResource LATAM, Aug 2

Brazil, August 2nd _____________________________________________ The new CORN “PIE” (export incentive program) tax in Argentina is implemented as a counterpart to the agro-dollar to increase revenues In July, the Argentine government implemented an exchange policy through the Export Increase Program (PIE) with the aim of boosting corn exports by applying a differential rate of 340 Argentine…

AgResource LATAM, Jul 27

BRL Real – Spot 1 USD = R$ 4,74 ARG Peso – Spot 1 USD = $ 271,60   In Brazil, the agricultural sector is witnessing a promising trend that is likely to have a significant impact on the upcoming 2023/2024 crop season. The decline in fertilizer prices and recent gains in CBOT are expected…

AgResource LATAM, Jul 12

BRL Real – Spot 1 USD = R$ 4,85 ARG Peso – Spot 1 USD = $ 263,20 Brazilian Corn FOB Basis and Mato Grosso Cash Market. Recent market developments have sparked a significant surge in export premiums for Brazilian corn. The driving factors behind this upward trend are twofold: low prices and concerns regarding…

AgResource LATAM, Jul 5

BRL Real – Spot 1 USD = R$ 4,84 ARG Peso – Spot 1 USD = $ 259,05 Corn and Soybean profitability for 2023/2024 in Brazil Brazilian soybean producers have been grappling with a challenging situation as the discount caused by Basis has eroded their profit margins. This discount, resulting from various factors such as…