Forecasts of high temperatures and little rain are increasing nervousness among agricultural producers in Argentina, which in recent weeks has seen forecasts for its soybean and corn harvests fall repeatedly and severely due to adverse weather, sector specialists said on Tuesday. . Argentina is the world’s leading exporter of soybean oil and meal, and the […]
Tag: corn
Drought collapses forecasts for Argentina’s corn and soybean harvest
Updated on 01/13/2022 09:01 am The Rosario Stock Exchange (BCR) on Wednesday dramatically reduced its harvest forecasts for Argentina’s 2021-2022 corn and soybeans to 48 million and 40 million tons, respectively, due to the drought accompanied by high temperatures that a month ago it affected agricultural areas. The new estimates are well below the 56 […]
Rise in food prices? Chinese hoarding?
by Adam Minter In recent months, food prices have reached 10-year highs, causing concern around the world. Supply chain bottlenecks, labor shortages, bad weather and an increase in consumer demand are among the factors responsible for the increase. There’s also a lesser-known phenomenon: China is grabbing key commodities. According to the United States Department of […]
Dry weather in Latin America boosts soybean and corn prices in Chicago market
Updated on 12/27/2021 05:15 pm The prices of the Soy and the corn closed solidly higher on Monday in Chicago, fueled by drought fears in Latin America, while wheat did not follow that trend. “The market is driven by soybeans, we only talk about South America: the drought continues in Argentina and part of southern […]
Import corn for arepas, the main Venezuelan food
Celso Fantinel takes a corncob, plucks a grain of corn white and bites it. “In 10 days we can already harvest,” says this farmer who grows the main ingredient of the arepa, a food that is never lacking on the table of the Venezuelan. The Fantinel plantation is out of sight. There are 600 hectares […]
Rains help corn planting in Argentina in times of doubt due to export policy
Rains in Argentina helped farmers to plant 23.2% of the area planned for corn in the 2021-2022 cycle, announced the Buenos Aires Cereal Exchange, at a time when producers are struggling with a new export policy that could remove incentives to the sowing. The main cereal producing provinces, such as Córdoba, are enjoying good soil […]