USDA: Surprises and increases corn production estimate

Porto Alegre - RS - Brasil 20230912

USDA: Corn Supply and Demand Report

Fonte: USDA

Modelo: atribuído ao site Noticias Agrícolas

The USDA surprised and increased North American production of the cereal to 384.42 million tons. Productivity fell from 183.16 to 181.80 bags per hectare, corresponding to 0.74% below that reported in August.

Planted and harvested area:

Planted area: increased to 38.41 million hectares in September against 38.08 million hectares in August.

Harvested area: increased to 35.25 million hectares in September against 34.93 million hectares in August.

Ending Stocks:

On the other hand, ending stocks rose to 56.42 million tons, compared to the 55.93 million tons reported in August.

Exports:

The USDA also predicted the maintenance of corn exports at 52.07 million tons and the use of grain for ethanol production at 134.63 million tons.

Other countries:

In Brazil, the USDA predicted an increase in final stocks by 19.49%, from 6.67 million tons to 7.97 million tons and maintained production estimates at 129 million tons, as well as exports at 55 million tons, setting a new export record for Brazilian cereal.

In Argentina, estimates remained practically unchanged, except for a reduction in ending stocks of 500 thousand tons, remaining estimated at 1.01 million tons.

In Ukraine, the USDA increased the production estimate by another 500 thousand tons, reaching 28 million tons and an increase in ending stocks to 4.43 million tons, around 13.88% higher and, finally, the maintenance of 19.50 million tons in exports.

For China, the estimated production did not change, remaining at 277 million tons, even with news that the climate did not contribute and the country suffered from adverse weather conditions. Final stocks fell to 201.80 million tons, around 1.71% below the August estimate. Finally, the maintenance of the import need of 23 million tons.

USDA: new adjustments to soybean numbers

Porto Alegre - RS - Brazil 20230912

USDA: soybean supply and demand report

Source: USDA

Model: attributed to the Noticias Agricolas website

The new report from the USDA (United States Department of Agriculture), this Tuesday (12), confirms a reduction in data for the American soybean harvest, cycle 2023/24.

Production:

There was a reduction in productivity from 57.04 to 56.15 bags per hectare, around 1.56% below, consequently reducing the production estimate from 114.44 to 112.84 million tons, corresponding to a drop of 1. 44%.

Planted and harvested area:

The USDA's monthly report brought a slight increase in the planted area to 33.83 million hectares, compared to the 33.79 million hectares reported in August.

There was also a small adjustment to the harvested area, remaining at 33.51 million hectares against the 33.47 million hectares estimated in August.

Exports:

In contrast to crop losses and a 1.56% reduction in harvest less than estimated in August, the USDA also brought a 1.91% reduction in US exports in this new season, corresponding to 48.72 million tons, compared to the 49.67 million tons estimated in August.

Crushing:

Crushing reduced approximately 0.45%, from 63.60 million tons predicted in August to 62.32 million tons, in the current report.

Ending stocks:

As a result of the adjustments, ending stocks were estimated at 5.99 million tons, around 10.19% below the last forecast of 6.67 million tons in August.

Other countries:

The USDA estimated an increase in Brazilian exports to 97 million tons, compared to the 96.50 million estimated in August. Final stocks were estimated at 3.73% below the numbers reported in August, standing at 38.70 million tons.

In Argentina, the difference lies in the increase in final stocks by 4.61%, reaching 24.95 million tons, compared to the 23.85 million tons estimated in August.

China, as a result of the 1% increase in imports, now estimated at 100 million tons, corresponding to 1 million tons above the last report, therefore, will have final stocks around 2.62% higher, configuring exactly 1 million tons more reported due to imports.

Rio Grande Agrícola S.A certified to export food to China

Porto Alegre - RS - Brasil - 20230829

GACC - China - Mandatory certification for food exporters

Link to consult: https://www.gacc.app/gacc-aqsiq-food-register-search.html

At this time, RGA is authorized to export the following two products to China: soybeans, corn, soybean meal and sugar.

Differences between one product and another: basic and manufactured products:

In addition to exporter registration, GACC is requiring manufacturers to be approved as well, so it is necessary to comply with a list of requirements under GACC regulations number 248 and 249. As commodities in general, especially large ones, it is not necessary to make a regularity. health, but for industries the pre-requisites increase the complexity of the cadastre, therefore, before initiating any registration procedure it is necessary to meet the requirements of the regulations and, by product. We recommend the following reading: https://www.aqsiq.net/ask-aqsiq.