브라질 대두 insights

Purchases of soybeans from Brazil by China increased in July; the increase occurred due to the fear of trade war with the United States.

Soybean cultivation has been the fastest growing in Brazil over the last five decades, so much so that from 1975 until 2025, production jumped from 9.89 million tons in the 1974/1975 crop to approximately 169 million tons in the 2024/25 crop (Conab). "We can affirm that the continuous increase in soybean productivity and the consequent expansion of its production was the result of the adoption of a set of technologies adopted by the Brazilian producer," highlights the general manager of Embrapa Soya Alexandre Nepomuceno, who mapped Brazilian soybean cultivation over the last 50 years, at the opening of the VII Seminar on Challenges of Brazilian Leadership in the World Soybean Market, which began yesterday, August 19, and continues today, in Londrina (PR).

According to traders, on Tuesday, basis bids for soybeans shipped by barge to the Gulf Coast terminals in the U.S. remained weak, and FOB offers declined due to the absence of Chinese purchases. China, the world's largest soybean buyer, has shifted its focus to supplies from Brazil amid trade tensions with the U.S. and ongoing negotiations. Chinese buyers have yet to make preliminary purchases of soybeans from the U.S. for the upcoming harvest, causing concern among traders and farmers. According to a broker, China has reportedly bought more soybeans from Brazil and Argentina, reserving shipments for September and October. Several soybean processors in the Midwest have also recently reduced their basis bids as massive demand has slowed ahead of the fall harvest, and more plants are idle due to seasonal maintenance and repairs. Barges with CIF Gulf soybeans loaded in August were offered at 37 cents over November futures on the Chicago Mercantile Exchange, which is 2 cents lower ...