Articles tagged under: Argentina
USDA Lowers South American Production Estimates
Published January 12, 2022
Due to the lingering drought conditions, USDA lowered South America's corn production. Brazilian corn production dropped from 118 million metric tons to 115 million metric tons. Argentina’s corn production is now at 54 million metric tons. USDA reduced Brazil’s soybean…Argentina Extends Beef Export Suspension
Published January 7, 2022
Argentina has extended its suspension of exports on some beef cuts with little international demand until the end of 2023, a measure previously agreed with the sector. The government approved of the decision and said the measures would contribute to…Melby: Brazil’s Soybeans Are a Tale of Two Crops
Published December 28, 2021
Brazil’s soybean crop continues to vary widely. "Northern Brazil is probably getting too much rain for ideal conditions, but it's a beautiful crop," says Kory Melby, a Brazilian Ag Consultant. "From Parana south, the crop can't catch a rain and…Argentine Cattle Strike May Benefit U.S. Meat Industry
Published May 25, 2021
In response to the government’s 30-day ban on beef exports, Argentine cattle producers and packer/processors are on strike. The government shut down exports as a way to deal with out-of-control inflation. Argentina is the fifth largest beef producer worldwide and…Argentina Bans Beef Exports
Published May 18, 2021
Argentina President Alberto Fernandez is restricting beef exports for the next 30 days. This ban is being described as an ‘unorthodox’ way to deal with inflation, which is approaching 50 percent. Fernandez is willing to forego much needed export business…USDA Lowers Brazil’s Corn Production, Argentina Crop Unchanged in May Report
Published May 12, 2021
In the May WASDE report, USDA lowered Brazil’s corn production at 102 million tonnes, down from 109 million in the April report. Brazil’s soybean production is estimated at a record 136 million tonnes, unchanged from the April report. USDA left…Low Water Limits Argentine Soy Shipments
Published May 6, 2021
Shippers on Argentina’s Parana River are being forced to limit cargo due to extremely low water levels. The river is shallow due to the recent dry weather. A representative with the Rosario Grains Exchange said this logistical issue could cost…China is on a Corn Buying Spree
Published March 19, 2021
Another flash sale of corn to China captured the attention of grain markets on Friday. This time, China bought 800,000 tons of U.S. corn. "They've been on a buying spree and are still dealing with high corn prices. They're also…USDA Boosts Brazilian Soybean Production in March Report
Published March 9, 2021
USDA made slight changes to South American production estimates in the March Supply and Demand report. Brazil’s corn production is estimated at 109 million tonnes, unchanged from February. Brazilian soybean production was raised one million tonnes from February to 134…