In Illinois, WCIA reported that the Illinois Soybean Association (ISA) stated that Illinois farmers produced 688 million bushels of soybeans in 2024. This beat the state’s previous record of 666.75 million bushels, which was set in 2018. The Illinois Soybean Association said, “exceptional yields” and a record “harvested acreage,” helped contribute to the record number […]
In Brazil, Portal do Agronegocios reported that Brazil’s soybean exports are projected to reach 107 million tons in 2025, marking an 8% increase from the 98.8 million tons exported in 2024. The data was released by consultancy Safras & Mercado, which presented the sector’s supply and demand estimates. This forecast represents a revision compared to […]
In Argentina, Bichos de Campo reported that the Buenos Aires Grain Exchange has begun to cut their forecast for the 2024/25 Argentine soybean harvest due to the damage caused by the drought. The new estimate indicates that 49.6 million tons of soybean will be harvested so far this year, a figure one million less than […]
In Brazil, Noticias Agricolas reported that Brazil’s soybean production is expected to reach a record 170.72 million tons in 2024/25, up 15.6% from the previous season, according to Hedgepoint Global Markets. In a report, the consultancy estimated a soybean planted area of 47.54 million hectares this season, also pointing to a new record, while average […]
In Paraguay, EFE reported that soybean production in Paraguay exceeded 11 million tonsfor the first time in the 2023-2024 harvest, according to the Paraguayan Chamber of Exporters and Traders of Cereals and Oilseeds (Capeco), which forecasts a lower result for 2025 due to a possible impact of drought on these crops. In addition, the export […]
In Argentina, Infobae reported that Argentine Economy Minister Luis Caputo announced that the government will lower the taxes on the main agricultural exports until June. The government confirmed that export duties on soybean exports will be temporarily lowered from next January 27 until the end of June, from 33% to 26% Export duties for soybean […]
In New York, Morning Ag Clips reported that the Ohio Soybean Association (OSA) commended the U.S. Department of the Treasury for the release of new guidance surrounding the 45Z biofuel tax credit. The guidance addresses key aspects of biofuel production and outlines the eligibility criteria for claiming the credit, benefiting soybean farmers by further strengthening […]
In Brazil, Dinheiro Rural reported that Brazil’s exports of soybeans, soybean meal, corn and wheat in January are expected to end January above initial projections, according to data by the National Association of Cereal Exporters (Anec). The country’s soybean shipments were estimated at 2.19 million tons, compared to 1.71 million in the previous week’s projection. […]
In Brazil, Globo Rural reported that Brazil is expected to harvest a record soybean crop in 2024/25, valued at 172.4 million tons, according to an estimate by Agroconsult. If confirmed, the volume will represent a growth of 10.9% compared to the result of 2023/24. According to the consultancy, the start of the current season was […]
In Argentina, Bichos de Campo reported that a report by the Buenos Aires Grain Exchange stated that 21% of the overall area planted with the crop is in poor to fair condition due to water restrictions. “This situation is especially critical in the south of the core zone, where the greatest decrease in water conditions […]
