{"id":26060,"date":"2021-04-12T14:13:35","date_gmt":"2021-04-12T17:13:35","guid":{"rendered":"https:\/\/www2.safras.com.br\/?p=25781"},"modified":"2021-04-12T14:13:35","modified_gmt":"2021-04-12T17:13:35","slug":"usda-brings-some-surprises-for-soybeans-in-its-april-report","status":"publish","type":"post","link":"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/","title":{"rendered":"USDA brings some surprises for soybeans in its April report"},"content":{"rendered":"\n<p>&nbsp;&nbsp;&nbsp;&nbsp; Porto Alegre, April 12, 2021 \u2013 The April report from the United States Department of Agriculture (USDA) focused the market\u2019s attention on Friday (9), bringing some surprises. Amid them, USDA maintained the estimate for US stocks in 2020\/21, while the market was betting on cuts. It also repeated the estimate for the Argentine crop, while a decrease was expected. Moreover, it raised the forecast for Brazil\u2019s production to a higher-than-expected level. Completing the set of surprises, the Department increased the world production and stocks.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; USDA indicated that the US soybean crop must hit 4.135 billion bushels in 2020\/21, equivalent to 112.53 mln tons, repeating the previous report.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; US final stocks are estimated at 120 mln bushels or 3.26 mln tons, unchanged. The market was betting on carryover stocks of 119 mln or 3.24 mln tons.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; USDA indicated the crush at 2.19 billion bushels (59.6 mln tons) and exports of 2.28 billion (62.05 mln tons). In March, estimates had pointed to 2.2 billion (59.87 mln tons) and 2.25 billion bushels (61.23 mln tons), respectively.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; As for the world scenario, the report projected a global soybean crop in 2020\/21 of 363.19 mln tons. In March, the number was 361.82 mln tons. Final stocks are estimated at 86.87 mln tons. The market expected final stocks of 83.7 mln tons. In March, the forecast was 83.74 mln tons.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; USDA projects a US crop of 112.55 mln tons, as commented. For Brazil, the forecast is for a production of 136 mln tons, against 134 mln in March. The market was betting on 134.4 mln tons.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp; Argentina must produce 47.5 mln tons, repeating the previous forecast. The market had estimated a cut to 46.8 mln tons. China\u2019s import forecast was maintained at 100 mln tons.<\/p>\n\n\n\n<p>Copyright 2021 &#8211; SAFRAS Latam<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;&nbsp;&nbsp;&nbsp; Porto Alegre, April 12, 2021 \u2013 The April report from the United States Department of Agriculture (USDA) focused the market\u2019s attention on Friday (9), bringing some surprises. Amid them, USDA maintained the estimate for US stocks in 2020\/21, while the market was betting on cuts. It also repeated the estimate for the Argentine crop, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":17385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[104],"tags":[],"commodity":[],"class_list":["post-26060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights-eng"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USDA brings some surprises for soybeans in its April report - SAFRAS &amp; Market<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USDA brings some surprises for soybeans in its April report - SAFRAS &amp; Market\" \/>\n<meta property=\"og:description\" content=\"&nbsp;&nbsp;&nbsp;&nbsp; Porto Alegre, April 12, 2021 \u2013 The April report from the United States Department of Agriculture (USDA) focused the market\u2019s attention on Friday (9), bringing some surprises. Amid them, USDA maintained the estimate for US stocks in 2020\/21, while the market was betting on cuts. It also repeated the estimate for the Argentine crop, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/\" \/>\n<meta property=\"og:site_name\" content=\"SAFRAS &amp; Market\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T17:13:35+00:00\" \/>\n<meta name=\"author\" content=\"sf_rodrigo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sf_rodrigo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/\",\"url\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/\",\"name\":\"USDA brings some surprises for soybeans in its April report - SAFRAS &amp; Market\",\"isPartOf\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2021-04-12T17:13:35+00:00\",\"author\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/a6dc54c7b3b1ccb2dcf005f8042f78d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/safras.com.br\/eng\/usda-brings-some-surprises-for-soybeans-in-its-april-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/safras.com.br\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USDA brings some surprises for soybeans in its April report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/safras.com.br\/eng\/#website\",\"url\":\"https:\/\/safras.com.br\/eng\/\",\"name\":\"SAFRAS &amp; Market\",\"description\":\"The Agribusiness Ecosystem\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/safras.com.br\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/a6dc54c7b3b1ccb2dcf005f8042f78d4\",\"name\":\"sf_rodrigo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/553c9977d5822bf20999bbf3dd1ef7e243ede433d61513699f48760953e9d2b2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/553c9977d5822bf20999bbf3dd1ef7e243ede433d61513699f48760953e9d2b2?s=96&d=mm&r=g\",\"caption\":\"sf_rodrigo\"},\"url\":\"https:\/\/safras.com.br\/eng\/author\/sf_rodrigo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USDA brings some surprises for soybeans in its April report - SAFRAS &amp; Market","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"USDA brings some surprises for soybeans in its April report - SAFRAS &amp; Market","og_description":"&nbsp;&nbsp;&nbsp;&nbsp; Porto Alegre, April 12, 2021 \u2013 The April report from the United States Department of Agriculture (USDA) focused the market\u2019s attention on Friday (9), bringing some surprises. 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