Brazil Soybean Doubts Send China Back to U.S. Soybean Supply

Brazil soybean crop estimates still point to a record, but a hot, dry El Niño patch keeps doubts alive and China back in U.S. soybeans. Bertrand Oesterle, StoneX VP of Clearing & Execution Sales, explains why Brazil's weather map is the big question mark for soybeans and corn, and how it ties into China's renewed U.S. soybean buying. COFCO has flagged El Niño as a possible issue for Brazil, China's main soybean supplier, which helps explain China's renewed purchases of U.S. soybeans. Brazil's soybean planting has only just started and is running slightly ahead of last year, while the first corn crop is about a third planted. Most reputable private estimates for Brazil's soybean and corn crops still sit in record territory, well above the alarmist range circulating in the market. The soybean crop, the first corn crop and the safrinha corn crop all face their main weather test from January to March. 0:00 El Niño Dry Patch Over Brazil 0:33 Alarmists Cut Soy and Corn 0:55 Soybean Estimates Say Record 2:03 Brazil Planting Runs Ahead 2:39 China Turns to U.S. Soybeans 3:17 Beijing's Geographic Hedge Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_bertrand_oesterle&utm_content=share Like and subscribe for more financial market insights. #Soybeans #StoneX #BertrandOesterle #ElNino --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social