Brazil Major Commodity Export Report on June ,2010

The world Major exporter of many commodity reported export data of major commodity for june in the table below....

Commodities Buzz: Soybeans Harvest Hits 50% In Mato Grosso

In Mato Grosso, 50% of the 09/10 soybean crop have been harvested, amounting to 3.1 million hectares. Although the percentage is above the performance of last season, which in this same period reached 35.2% of the area, the state producers fear further damage until the end of the harvest........more detail

Cargill Sees Record Soybean Output in Brazil, Argentina on Rain

Feb. 19 (Bloomberg) -- Brazil and Argentina, the biggest soybean producers after the U.S., may harvest as much as a combined 120 million metric tons of the oilseed this year as rain boosts yields, Cargill Inc.’s Jose Luiz Glaser said.

Brazil will produce 64 million to 67 million tons of soybeans, while Argentina will harvest another 52 million to 53 million tons, Glaser, head of Cargill’s soybean business in Brazil, said in a telephone interview from Sao Paulo today......more detail

Updated Brazil soybean planting 24 Nov 2009

Hi everyone I already come back from my vacation...that's great. I will change direction for my blog to mainly focus on soybean that suitable for me the update blog.

By the way, yesterday USDA reported US soybean harvest at 94% complete compare to 89% week ago and 97% last year. The USDA attache show the Brazil soybean production will become near record 63.6 million tonnes. The benefit from El Nino rain was encourage farmer planting earlier. The Celeres reported Brazilian soybean producers planted 74% of the new crop by the weekend of Nov 20, up from 61% last week.

The state of Mato Grosso is the first state to plant which already plant 98% of its expected crop last week up from 87% from week ago and 88% last year.

The area of Goias and Mato Grosso de sul, No4 and 5 soybean producer state had planted 94% of new crop, up from 82% last week and 86% last year.

In Parana area had planted 83% of expected crop, up from 72% week ago and 78% year ago.

The third soy state Rio Grande do sul had planted 38%, up from 25% last week and 40% last year.

From early planting Brazil soybean will start harvest in late December to January in Mato Grosso and goes down in the South in May.

Brazil Raises Soybean Forecast as Rain Aids Crops

Soybean farmers in Brazil, the world’s second-largest grower, may produce more of the oilseed next year than previously forecast after rainfall in recent months helped crops, the Agriculture Ministry said.

Farmers will produce between 62.5 million metric tons and 63.6 million tons of soybeans next year, up from an October estimate of 62.3 million to 63.3 million tons, the ministry’s Conab crop-forecasting agency said today in an e-mailed report. Production will rise from 57.1 million this year........Full article here..

Brazil soybean crop prospect has improved.

Brazil soybean planting condition is excellent from favorable rain fall in most of the country. Brazilian Farmer rush planting in Mato Grosso and elsewhere to speed up early planting target to get early harvest and receive high premiums paid in Jan-Feb shipment. USDA estimated Brazil soybean output at 62 million tonnes , Oilworld rised crop estimated to 63 millions due to good weather condition. The planting area is 22.5 ha from 21.8 last year.

pictures from QTweather.com

Brazil will plant soy bean record crop

The expectation of Brazil soybean crop will produce as record. Benefit by firm international soy prices and good wheather forecast. The estimated of new crop production have range between 62-65 million tons.

Commentary: More soy bean production will coming out, Talking a lot of more soy production all around, Harvest pressure still bearish for Soy bean prices.