Brazil Agribusiness Quarterly Q3 2019
This quarterly update on Brazilian agriculture provides a market outlook for sugarcane, corn, coffee and other key commodities, and gives an overview of what developments to watch in the weeks to come.
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FX - We project FX rate (USD/BRL) at 3.80 for the end of this year, taking into account better local fundamentals (e.g. key macro reforms), contrasting with a challenging global environment.
Soybeans - Despite the expectation of lower margins compared to previous years, Rabobank foresees soybean acreage to reach 36.4m hectares in the 2019/20 season.
Cotton - In the 2018/19 season, after harvesting a record production, Brazil is expected to export the largest volume of cotton in history. For the next season, pressured prices will be one of the main challenges for farmers.
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Where to go from here
Andy DuffHead of RaboResearch Food & Agribusiness - South America; Global Strategist - Sugar Read more
Matheus AlmeidaSenior analyst – Farm Inputs Read more
Wagner YanaguizawaAnalyst - Animal Protein Read more
Guilherme MoryaAnalyst - Beverages Read more
Andrés PadillaSenior Analyst - Beverages, Dairy, F&A Supply Chains Read more
Victor IkedaSenior Analyst - Grains & Oilseeds Read more