World: Soybean in the market, conflicts, planting, and expectations

Soybean market dynamics are impacted by a number of factors, including geopolitical conflicts, planting progress and future projections. See below what is impacting the market, according to Grão Direto specialist, Ruan Sene. Middle East conflict and soy Uncertainties related to the conflict between Israel and Palestine kept the market on alert. The potential consequences of this global conflict affect investor confidence and create an environment of caution. Planting of the 2023/24 harvest: notable advances According to Conab, soybean planting has already reached more than 10% of the planned area, with notable advances in key states such as Mato Grosso and São Paulo. In Rio Grande do Sul, the first crops are already growing, despite climatic adversities. US supply and demand report: less optimism Yield and productivity estimates for the soybean harvest in the United States for the 2023/24 harvest were below market expectations. This raises concerns about the global supply of ...