A @Reuters journalist covering commodities from New York. Former Brazil correspondent. Tips? marcelo.teixeira@reuters.com

Joined July 2009
1,876 Photos and videos
#Brazil #oil exports fell 42% in May from previous year to 5.49 mln tons as a recently implemented export tax and higher local processing hit shipments #energy #shipping #trade #commodities
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#Brazil green #coffee exports in May fell 8.6% from last year. Volumes are still weak due to tight availability before new harvest lots reach the market. #trade #beverages #softs #shipping btw: nice pix of coffee exports in bulk!
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#Brazil #sugar exports in May fell 11.6% vs previous year to 1.97 mln tons, said the govt. I guess there was not much sugar left before the new harvest, and mills focused on ethanol at the start of crop. Anyway, significant decrease. #trade #agriculture #shipping
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#Brazil second #corn crop harvest has a quick start. Consultancy @AgRural says 2.4% of area harvested, vs 1.3% at this time last year. Field work is quicker in Mato Grosso, slower in Parana due to excess moisture.
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#Brazil mills crushed 40 million tons of sugarcane in the second half of April! Huge volume for that time of the year. The harvest started in a high tone, confirming reports of very good yields. #Sugar output 109% up, #ethanol production 105% up. #agriculture
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#Brazil #coffee Consultancy @SafrasNews estimated BZL coffee harvest at 9% currently, vs 13% at this time last year. Cited some late maturing crops and also higher humidity. #Agriculture #weather #Commodities
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#Brazil's govt estimated that the area planted with #coffee in the country increased 3.9% in 2026 from last year to 2.34 mln hectares, or an increase of 86,900 hectares in a year. Below, young coffee trees in Sao Paulo state #agriculture #softs
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Ongoing debate among forecasters about how strong the next El Nino #weather anomaly could be. Some say initial data points to a very strong one #agriculture #coffee #sugar #cocoa
El Niño is coming… and it could be a big one! The Forecasted atmospheric response to the onset of El Niño looks very similar to what we saw in 1997-98. There is a pretty subtle but significant difference between the 2026 forecast and 1997 though… and that is the El Niño is being forecast to extend much further west into the Central Pacific than it did in 1997. If you look very closely you can see the green rising air is forecast to be much further west into the Pacific than it was in 1997. If true, remember it still is just a forecast at this point, it would mean that the weather pattern we see in the US would not necessarily be the same weather pattern we saw in 1997-98. So before you get carried away with “Winter is Over” talk here in May… just remember the positioning of these large scale atmospheric circulation cells (called Walker Cells) is very important with regard to precipitation patterns. If you’re in the part of the circulation cell that enhances upward motion, you’ll see more rainfall, however if you’re in a part of the circulation cell that enhances sinking motion, you’ll see less rainfall. For example, during a typical El Niño pattern the sinking portion of a Walker cell is usually positioned over the Tropical Atlantic Ocean which tends to inhibit hurricane development. ~Meteorologist Mark Margavage #wxtwitter #wxX #Tropicalwx
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From @ReutersCommods: #BRAZIL 2025/26 SECOND #CORN PRODUCTION SEEN AT 112.1 MLN TNS VS 123.9 MLN TNS IN PREVIOUS CROP / BRAZIL 2025/26 TOTAL CORN PRODUCTION SEEN AT 140.5 MLN TNS VS 151 MLN TNS IN THE PREVIOUS CROP - AGROCONSULT
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#Gasoline, #oil topping April performance, of course, but #cotton coming right after them with 14% gain. Some in the textile industry see opportunity for natural fibers as oil-based fibers become more scarce. Chart by @PeakTrading #commodities #trading
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#Ethanol prices are falling in Sao Paulo, the largest consuming region for the fuel in #Brazil, says @CepeaEsalq, as the harvest of a near-record sugarcane crop progresses and state-controlled #oil company @petrobras keeps #gasoline prices unchanged
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#Brazil's food supply agency @Conab_Oficial released its first projection for the new sugarcane crop. Brazil will produce more than 700 million tons of cane due to larger area, higher yields. #agriculture #sugar #ethanol
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Conab projected #Brazil #ethanol production at 40.7 billion liters in 2026/27 (both from cane and corn) vs 37.5 bln liters in previous crop.
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Replying to @Conab_Oficial
Despite the bigger cane supply, #Brazil #sugar production was estimated at 43.95 mln tons, 0.5% less than in previous crop, because mills will earmark more cane to #ethanol than previously.
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