Market update week 6
As of early February 2025, the planting of Brazil’s safrinha corn is significantly behind schedule due to continuous heavy rainfall. In Mato Grosso, the country’s top corn-producing state, only 34% of the crop has been sown, falling short of the five-year average of 48% for this time of year. The delay is mainly caused by excessive rain slowing down the soybean harvest, which consequently pushes back corn planting. Farmers typically aim to complete safrinha planting by the third week of February to ensure pollination occurs before the dry season sets in.
As of early February 2025, the planting of Brazil’s safrinha corn is significantly behind schedule due to continuous heavy rainfall. In Mato Grosso, the country’s top corn-producing state, only 34% of the crop has been sown, falling short of the five-year average of 48% for this time of year. The delay is mainly caused by excessive rain slowing down the soybean harvest, which consequently pushes back corn planting. Farmers typically aim to complete safrinha planting by the third week of February to ensure pollination occurs before the dry season sets in.
Amid these political and economic discussions, the USDA released its latest winter wheat crop condition report:
• Kansas: 50% rated good to excellent, up from 47% on January 6.
• Illinois: 65% rated good to excellent, down from 69% on January 6.
• Colorado: 57% rated good to excellent, a decline from 70% on January 6.
Amid these political and economic discussions, the USDA released its latest winter wheat crop condition report:
• Kansas: 50% rated good to excellent, up from 47% on January 6.
• Illinois: 65% rated good to excellent, down from 69% on January 6.
• Colorado: 57% rated good to excellent, a decline from 70% on January 6.
Following President Trump’s decision to impose new tariffs on Chinese goods, China has retaliated by implementing tariffs ranging from 10% to 15% on several American exports, including crude oil and natural gas. Talks that were expected to take place earlier this week between President Trump and Xi Jinping have yet to materialize, leaving room for future negotiations. At this stage, American agricultural exports remain unaffected by the new tariffs, allowing investors an opportunity to shift their focus toward these products amid ongoing political tensions.
Following President Trump’s decision to impose new tariffs on Chinese goods, China has retaliated by implementing tariffs ranging from 10% to 15% on several American exports, including crude oil and natural gas. Talks that were expected to take place earlier this week between President Trump and Xi Jinping have yet to materialize, leaving room for future negotiations. At this stage, American agricultural exports remain unaffected by the new tariffs, allowing investors an opportunity to shift their focus toward these products amid ongoing political tensions.