Brazil's food agency, Conab, has reduced its soybean and corn output forecasts due to adverse weather conditions impacting crop development,

Published in a recent Gaftaworld issue, Tim Worledge, editorial director at Fastmarkets Agriculture shares his view on oilseeds and veg oils 2024 demand outlooks

Brazilian soybean prices are under further pressure from another bumper harvest and weak Chinese demand

In the face of muted wheat markets at the close of 2023, several nations, including Jordan, Pakistan, and Egypt, passed on international tenders

Brazil's customs data revealed that soybean exports for the first two weeks of January 2024 has already surpassed the figure for all of January 2023

Canadian Grain Commission data suggested that the country's grain and oilseed exports fell at the end of 2023

Despite the lower average premiums compared to 2022, the market's resilience was tested, which highlighted global dependence on Chinese demand

The country’s agriculture secretariat showed a surge in sales for both the 2022-23 crop and the 2023-24 crop

Strong export activities contribute to spike

Despite recent rains favoring crops, Brazilian farmers remain cautious