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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Highlights include:

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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  • Andy Duff

    Head of RaboResearch Food & Agribusiness - South America; Global Strategist - Sugar
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  • Matheus Almeida

    Senior analyst – Farm Inputs
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  • Wagner Yanaguizawa

    Analyst - Animal Protein
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  • Guilherme Morya

    Analyst - Beverages
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  • Andrés Padilla

    Senior Analyst - Beverages, Dairy, F&A Supply Chains
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  • Victor Ikeda

    Senior Analyst - Grains & Oilseeds
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