Tidbits, Export Markets, Weather, Economy, FOB 8/11/25
- Wright team
- 13 minutes ago
- 5 min read
Tidbits
Export Markets by Eduardo Vanin of AgrInvest Commodities Saturday 9 August 2025:
Soybean Premiums (basis) Continue to Rise, Brazilian Corn Can't Compete
This past week the soybean market was marked by intense demand from China, which purchased more than 40 vessels. This strong demand is driving up premiums for Brazilian soybeans, making them increasingly expensive and difficult to trade, not only due to rising prices but also due to logistical challenges and a lack of product on the market. The pace of shipments in Brazil is already beginning to decline, indicating a possible repeat of last year's scenario, when Brazilian supply weakened. This situation could lead to rationing and even higher prices for soybean meal in China, especially between March and May.
In the U.S., corn sales surprised, driven by very competitive prices, especially in the PNW region. American corn is so attractive that weekly sales exceeded expectations. This trend puts Brazil at a disadvantage, with high origination costs that hinder competition. The drop in freight premiums and the lack of demand from the Gulf to China suggest that American corn is "buying demand," and this export program is likely to remain strong until logistics are fully absorbed.
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