Tidbits, Q&A: Soybean Puts, Brazil, Black Sea, Crop Progress, ENSO, Export Inspections 9/22/26
Tidbits
Brazilian farmers had planted 1.2% of the expected area for their 2026/27 soybean crop, ahead of last year’s pace. First corn crop planting reached 27% in the center-south region, compared with 22% a week earlier and 25% a year ago. Despite the strong pace, low temperatures have constrained progress in some areas, with isolated corn fields hit by frost over the past two weeks, AgRural said.
Brazilian President Luiz Inacio Lula da Silva said on Monday that Uruguay had authorized Brazil to use the surplus from its beef export quota to China. China in January imposed an added 55% tariff on beef imports that exceed quota levels from key suppliers, including Brazil, in a move to protect its domestic cattle industry.
From November to June, Brazil had already shipped 98.5% of its 1.1 million mts quota, StoneX said in a report in July, adding the quota would be filled by August.
Brazil's total beef export volumes are expected to drop 10% year-on-year in 2026, industry group Abiec estimated earlier this year, amid restrictions imposed by Beijing and a recent curb on Brazilian meat exports to the European Union.
Russia has been able to export 2 million mts of wheat so far this month, after having transferred shipments from the Black Sea to the Baltic Sea, according to IKAR.
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