The United States Department of Agriculture (USDA) estimated the Argentine soy production on Monday of cycle 2024/25 in 49 million tonswhile predicted that the harvest will be 48.5 million in the following season.
He USDA calculated the Argentine corn production of the 2024/25 campaign in 50 million tons and the wheat of the same cycle in 18.5 million. So, Corn and soy projections for Argentina remained unchanged.
For Brazil, The corn harvest for the current campaign (2024/25) was estimated at 130 million tons, compared to the 126 million of the April forecastaccording to Monday’s projections of the US Department of Agriculture (USDA).
Brazil’s soybean harvest in 2024/25 was forecast at 169 million tons, stable with respect to the April forecastaccording to the USDA.
The eeuu soy grinding would have reached 205.5 million bushels
The soybean processors of the United States probably probably prosecuted 205 million soy busts, While oil -derived oil stocks would have increased to a maximum of eight monthsanalysts surveyed by Reuters said.
If the average estimates of the nine analysts consulted before a monthly report of the United States Department of Agriculture whose publication is scheduled for Thursday, There would be an 8.7% increase compared to 189.0 million bushels crushed in February and 1.0% compared to 203.5 million bushels processed in March 2024.
According to analysts, the grinding rhythm was realized in recent months due to The reduction of soybean processing margins and at the close of some maintenance crushing plants and seasonal repairs.
Crushing estimates for March ranged between 202.0 and 207.5 million bushels, with a median of 206.0 million bushels.
Source: Ambito
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