Soybean/Cepea: Harvest intensifies, and liquidity increases in Brazil
Published Feb 17, 2025
Tridge summary
Soybean harvesting in Brazil is in full swing, causing an increase in the spot market's liquidity. However, some consumers are delaying large purchases, hoping for lower prices in the upcoming month due to anticipated lower production in Argentina and Paraguay. These South American countries are experiencing lower than expected production rates, contributing to a revision in the USDA's global soybean production forecast for the 2024/25 harvest, which has been reduced by 0.8% to 420.76 million tons, largely due to water deficit impacts in Argentina and Paraguay.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Soybean harvesting has been intensifying in Brazil, which has increased liquidity in the spot market. Even so, Cepea researchers indicate that some consumers are avoiding buying large volumes, expecting lower prices next month, given the possible record national harvest. In Argentina and Paraguay, Cepea researchers report that the progress of the harvests is beginning to show a lower production than previously reported. In fact, global soybean production for the 2024/25 harvest was revised negatively by the USDA this month (a 0.8% drop compared to the ...
Source: NoticiasAgricolas
Related market data
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.