Greg (@Greg_Insightag) header
Greg (@Greg_Insightag) profile picture
Joined May 2010
Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)Photo by Greg (@Greg_Insightag)
𝗡𝗨𝗧𝗥𝗜𝗘𝗡 𝗥𝗘𝗦𝗧𝗥𝗜𝗡𝗚𝗘 𝗖𝗥𝗘́𝗗𝗜𝗧𝗢 𝗡𝗢 𝗕𝗥𝗔𝗦𝗜𝗟; 𝗔𝗕𝗔𝗦𝗧𝗘𝗖𝗜𝗠𝗘𝗡𝗧𝗢 𝗗𝗔 𝗦𝗔𝗙𝗥𝗜𝗡𝗛𝗔 𝗣𝗥𝗘𝗢𝗖𝗨𝗣𝗔 𝗥𝗔𝗕𝗢𝗕𝗔𝗡𝗞 A Nutrien confirmou na quinta-feira (5), que reduziu deliberadamente as vendas e restringiu o crédito no Brasil durante o terceiro trimestre. A companhia concentrou os negócios em clientes com maior capacidade de pagamento e informou que pretende concluir, até dezembro, a avaliação sobre novos ajustes em sua operação brasileira. A prioridade é recuperar recursos imobilizados em estoques e contas a receber. O efeito pode alcançar a compra de fertilizantes mesmo quando há produto disponível: com limites menores para financiar insumos, parte das encomendas depende de recursos próprios ou de outra linha de crédito. 𝗡𝗶𝘁𝗿𝗼𝗴𝗲𝗻𝗮𝗱𝗼𝘀: 𝗿𝗲𝗽𝗼𝘀𝗶𝗰̧𝗮̃𝗼 𝗶𝗻𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗮 𝗮𝘁𝗲́ 𝗱𝗲𝘇𝗲𝗺𝗯𝗿𝗼 O Rabobank estima que o ritmo das importações de nitrogenados, como ureia e sulfato de amônio, está 𝗰𝗲𝗿𝗰𝗮 𝗱𝗲 𝟮𝟱% 𝗮𝘁𝗿𝗮𝘀𝗮𝗱𝗼 𝗲𝗺 𝗿𝗲𝗹𝗮𝗰̧𝗮̃𝗼 𝗮𝗼 𝗮𝗻𝗼 𝗽𝗮𝘀𝘀𝗮𝗱𝗼. Em avaliação apresentada em 4 de novembro e noticiada no dia 5, Bruno Fonseca, analista de insumos do banco, disse não esperar a recuperação integral dessa defasagem até o fim de 2026. O risco está na coincidência entre compras postergadas e a necessidade de adubação do milho de segunda safra e das áreas de renovação da cana. Segundo o banco, o avanço do plantio da soja, especialmente em Mato Grosso, pode estimular a retomada das encomendas para a safrinha. 𝗦𝗲 𝗲𝘀𝘀𝗮𝘀 𝗰𝗼𝗺𝗽𝗿𝗮𝘀 𝘀𝗲 𝗰𝗼𝗻𝗰𝗲𝗻𝘁𝗿𝗮𝗿𝗲𝗺 𝗮𝗻𝘁𝗲𝘀 𝗱𝗮 𝗿𝗲𝗰𝗼𝗺𝗽𝗼𝘀𝗶𝗰̧𝗮̃𝗼 𝗱𝗮 𝗼𝗳𝗲𝗿𝘁𝗮, poderá haver menos margem para negociar prazos de entrega e preços nas regiões com estoques menores. Trata-se de um risco de abastecimento, ainda dependente do ritmo das encomendas e das chegadas de produto. O banco projeta entregas de 𝟰𝟲,𝟲𝟰 𝗺𝗶𝗹𝗵𝗼̃𝗲𝘀 𝗱𝗲 𝘁𝗼𝗻𝗲𝗹𝗮𝗱𝗮𝘀 𝗱𝗲 𝗳𝗲𝗿𝘁𝗶𝗹𝗶𝘇𝗮𝗻𝘁𝗲𝘀 𝗲𝗺 𝟮𝟬𝟮𝟳, aproximadamente 5% acima dos 44,42 milhões estimados para 2026. 𝗙𝗼𝘀𝗳𝗮𝘁𝗮𝗱𝗼𝘀: 𝗽𝗿𝗼𝗷𝗲𝗰̧𝗮̃𝗼 𝗱𝗲 𝗲𝘀𝘁𝗼𝗾𝘂𝗲𝘀 𝗺𝗶́𝗻𝗶𝗺𝗼𝘀 Também na quinta-feira, durante o evento Vozes do Agro, em São Paulo, o responsável pela Mosaic no Brasil, Eduardo Monteiro, afirmou que a indústria projeta os menores estoques de passagem de sua história. O executivo relacionou o aperto às restrições de matérias-primas e de produção de fosfatados. Uma recuperação das compras com fábricas limitadas poderá ampliar a necessidade de importar produto acabado. Nesse caso, MAP e superfosfatos ficariam mais dependentes dos prazos de contratação, embarque e descarga para chegar às regiões consumidoras. 𝗨𝗿𝗲𝗶𝗮 𝗳𝘂𝘁𝘂𝗿𝗮 𝗿𝗲𝗰𝘂𝗮; 𝗿𝗲𝗮𝗹 𝘀𝗲 𝘃𝗮𝗹𝗼𝗿𝗶𝘇𝗮 Em Nova Orleans, o contrato futuro de ureia para 𝗳𝗲𝘃𝗲𝗿𝗲𝗶𝗿𝗼 𝗱𝗲 𝟮𝟬𝟮𝟳 fechou em 5 de novembro com ajuste de 𝗨𝗦$ 𝟰𝟯𝟯 𝗽𝗼𝗿 𝘁𝗼𝗻𝗲𝗹𝗮𝗱𝗮 𝗰𝘂𝗿𝘁𝗮, ante US$ 436 no dia anterior. A queda foi de 𝟬,𝟲𝟵% no contrato MGUG7. No Brasil, a Ptax de venda passou de R$ 5,4778 no dia 4 para 𝗥$ 𝟱,𝟰𝟲𝟮𝟭 𝗻𝗼 𝗱𝗶𝗮 𝟱, recuo de 𝟬,𝟮𝟵%. A valorização do real reduz o equivalente em reais de compromissos em dólares ainda sem proteção cambial, conforme a taxa efetivamente contratada. A Nutrien deverá apresentar até o fim do ano suas conclusões sobre a operação brasileira. A extensão dos ajustes definirá quanto da estrutura de distribuição e do financiamento comercial da companhia permanecerá disponível para a próxima safra.
2
17
115
4,797
“Giving money and power to government is like giving whiskey and car keys to teenage boys.” — P. J. O’Rourke
16
228
11
1,186
15,280
Something interesting, yet not too relevant. The 5 year gold-to-wheat ratio 1:683 is one standard deviation out. Wheat is undervalued compared to gold. CBOT wheat needs to rally to about $9.40 to fix. 1:436 May not matter today. Is a nerd at a hedge fund is looking at it too?
1
2
1,102
Using SK crop report Canola yields down to 38.3. An educated guess puts Canada’s 2026 canola crop at roughly 20.0–20.5 million tonnes, about 1.5–2.0 Mt (7–9%) below Statistics Canada’s September model-based estimate of 22.05 Mt.
2
1
2
23
5,676
Brazil’s largest soybean-producing state has received just 61% of normal precipitation over the 30 days ending November 2, 2026. Mato Grosso’s soybean production-weighted precipitation was 39% below normal during this period. First-season corn areas recorded the same precipitation deficit. Why does this matter for soybeans? Mato Grosso accounted for 28.3% of Brazil’s soybean production during 2020–2024, more than double the 13.9% share of Paraná, the country’s second-largest soybean-producing state. The contrast is notable: while Mato Grosso received just 61% of normal precipitation, Paraná received 211% over the same 30-day period. #OOTT #AgWx #GrainMarkets #Soybeans #Soja #Corn #CornBelt #Milho
6
28
7
82
15,034
🇨🇦 #Canada's #pulse exports surged 210% in Sept 2026 from Aug, reaching their highest monthly level in six years. Jan-Sept shipments already exceeded full-year 2025 by 5%. Strong demand from #China, #India and South #Asia is driving #exports, reinforcing Canada's global supplier position and influencing international linkedin.com/posts/grainin_a…
2
8
725
I hope this helps farmers understand basis. Look at the grain market like a tractor's hydraulic system. Engine RPM = Supply & Demand Pump = Futures Control Valve = Basis Constant RPM Motor = Elevator Different parts, but they all work together to determine your cash price.
2
196
We've seen wheat basis narrow significantly despite the sharp drop in futures. I estimate both CPS and HRS basis have strengthened by $0.75–$1.00/bu. We're also seeing elevators offer some pretty attractive premiums. Translation: Buying wheat is like pulling hens' teeth.
2
194
Canada secures major win for canola sector China has extended the suspension of its 100% tariff on Canadian canola meal until the end of 2028. Announced today (Nov 4) by Trade Minister Sidhu after talks in Beijing. canada.ca/en/global-affairs/…
68
Extending the suspension of China’s 100% tariff on Canadian peas to the end of 2028 is an important step toward the long-term certainty growers and the entire pulse value chain need. Read our release in full below #cdnag #cdnpulse
7
2
13
1,130
Had Grok build this. How the global veg oil complex has been tightening for years — stocks-to-use has drifted to a projected ~9.2% in 2026/27. Look what happens if El Niño hits and cuts Indonesian palm by 2.5–3 MMT: the ratio drops toward ~8.4%.
🤖 Made with AI
1
102
This El Niño rainfall map (June 2026–May 2027) points to reduced rainfall across much of India, Australia, and Indonesia. That raises risks for pulse production in India, wheat in both India and Australia, and palm oil in Indonesia.
143
China’s farm tariff breaks on canola meal and peas run out Dec 31. Beijing still hasn't said if they’re extending the deal or pulling the plug. Roughly $2B+ in Canadian farm exports are riding on a summit decision in Shenzhen next month. If you’re pricing delivery for early 2027, ask your buyer how they’re handling the risk. The Daily Kernel Newsletter
1
8
1,806
This is a significant development for the Indian pulses market. 🚨 INDIA MAY CUT PULSES IMPORT DUTIES India is considering lower import tariffs on pulses to boost supplies and cool food inflation Possible move: • Red lentils: currently 10% duty • Yellow peas: currently 30% • Chickpeas: may remain excluded • Pigeon pea & black gram: already duty-free until March 2027 Why it matters: India’s 2026 pulse crop is expected to fall sharply after a patchy monsoon, while festive-season demand is rising. In 2024-25, India produced 25.7 MMT of pulses but imported 7.3 MMT — imports covered ~23% of consumption. The key question now: Will the government open the import window wider before the domestic crop shortage tightens further? #Pulses #India #Urad #Chana #Masoor #AgriTwitter
3
20
1,778
Has anyone actually sized how much cropland stays out this year because diesel is this expensive? Grok’s est. 1–2% of global cereal area. 7–15 million hectares. Fuel is only part of it. In some countries the real killer is no operating credit for fuel, seed, and fertilizer.
118
Today: Crude is up. Soyoil is not. Trump–Xi cut tariffs on a list of U.S. ag goods and left soybeans off it. USA Soy Yields better than expected. Palm already broke the 5,049 high and is sitting on 4,650. Canola harvest in Canada is underway about 1 week to go.
131