UPDATE 3-Argentine soy, corn crop estimates cut due to dry conditions, exchange says reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
3/11/2021
By Maximilian Heath
BUENOS AIRES, March 11 (Reuters) - Argentina is expected to
harvest 44 million tonnes of soy and 45 million tonnes of corn
this season, below the previously forecast 46 million tonnes for
each crop, due to dry conditions, the Buenos Aires Grains
Exchange said on Thursday.
The country s Pampas farm belt has suffered unusually dry
weather since the middle of 2020. A recent heat wave combined
with low rainfall has exacerbated the situation. Early-planted soy fields are approaching harvest with
expected yields below historical averages. Late-planted soy is
seeing losses of harvestable area due to pest attacks and
depleted water reserves, the exchange said in its weekly crop
Argentine wheat planting facing pressure from rival barley, politics
Argentine wheat sowing is likely fall this year as farmers calculate the risk of state intervention in the market while new Chinese demand for South American feed barley is expected to induce some growers to switch crops.
China’s usual barley supplier Australia has been sidelined due to a bilateral trade dispute. This leaves Argentina as a key supplier, along with France and Canada, to the world’s top commodities importer.
Wheat and barley compete for sowing area on Argentina’s Pampas grains belt. Both are planted around midyear.
“Barley will be an alternative for those who want to reduce regulatory risks for the season that is starting, although this option is only available for some farm areas,” said Ezequiel De Freijo, head economist at the Argentine Rural society, which represents some of the country’s biggest farmers.
BUENOS AIRES, March 10 (Reuters) - Scattered rains in Argentina early this year helped some of the soy and corn fields hardest hit by the dryness that afflicted the Pampas grains belt since mid-2020, but crop yields remain at risk going into the harvest, meteorologists said on Wednesday.
Dryness wallops Argentina s soy crop forecast, more cuts expected financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.