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Morning round-up, Tuesday March 17

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* AgRural on Monday revised its 2019-20 output estimate for Brazilian soybeans to 124.3m tonnes.

 

This is lower than its February estimate of 125.6m tonnes.

 

 

 

* According to the Green Coffee Association of the US, the country’s port warehouse stocks decreased 2.25% in February to reach 6,519,347 bags.


This equals a decline of 150,126 bags at the end of the month.

 

 


* According to data from the National Oilseed Processors Association, the US processed 166.288m bushels of soybeans in February.

 

This is down from January’s 176.940m bushels, but up from February 2019’s 154.498m bushels.

 

 


* Gustavo Idigoras, head of Argentina’s export chamber said that coronavirus lockdown measures have caused a delay in shipping at Rosario port.

 

The port handles about 80% of the country’s exports of soyoil and soybean meal.

 

 

 

* Reuters reported that Brazilian meat processors, JBS and Minerva are considering suspending operations at some slaughterhouses in the country due to supply chain disruptions caused by coronavirus.

 

 


* Official data from the European Commission showed that the bloc’s soybean imports so far for the 2019-20 season, which started in July, had reached 9.93m tonnes by March 15.

 

This was down 4% compared to the imports recorded by March 10 in 2019.

 

Rapeseed imports for the period were at 4.42m tonnes, up 40% compared to a year ago.

 

Soymeal imports were at 12.50m tonnes, up 2%.

 

Palm oil imports were at 3.93m tonnes, down 14%.

 

 


* Data also showed EU soft wheat exports at 22.20m tonnes by March 15.

 

This is up 72% compared to the volume shipped by March 10 in 2019.

 

Barley exports were at 5.15m tonnes, up 62%.

 

Maize imports stood at 14.83m tonnes, down 14%.

 

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