2/5/2021 Traders await new China deals, Brazil planting update Soybeans edge higher as rain-slowed Brazil harvest monitored
(New throughout; changes dateline; previous PARIS/CANBERRA)
By Christopher Walljasper
CHICAGO, Feb 5 (Reuters) - U.S. soybean futures gained on Friday on
expectations of continued export demand eating into already tight U.S. stocks.
Corn futures traded near even as traders assessed mixed crop prospects in
South America, while wheat was unchanged, despite fears of winterkill across the
U.S. Southern plains as frigid temperatures set in.
Price movements were limited ahead of next week s U.S. Department of
Agriculture supply and demand report that is likely to confirm tightening stocks
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FORT COLLINS, Colo. (Reuters) - Argentina’s upcoming corn and soybean harvests will not be among the country’s best on record, but they certainly seem to have averted possible disaster a la 2018 after a historically dry start.
Soy beans are poured from a truck at a Grobocopatel Hermanos company storage plant in Carlos Casares, Argentina, April 16, 2018. REUTERS/Agustin Marcarian
Above-average rainfall in January went against the general dry trend common across Argentina during a La Nina, the cool phase of the equatorial Pacific Ocean. This brought much-needed moisture to the crops, which as of last week were mostly in good condition.
(Adds details and quotes throughout)By Hugh Bronstein and Maximilian HeathBUENOS AIRES, Jan 28 (Reuters) - Argentina's upcoming soy crop is expected at 46 million tonnes, the Buenos Aires Grains Exchange said on Thursday, citing dry, hot weather as its reason for shaving a preliminary estimate of 46.5 million tonnes.The country is the world's top exporter of soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia. But this season Argentina's famously fertile Pampas farm belt has been stricken by months of unusually dry weather.
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1/28/2021
By EAP-AMERS
BUENOS AIRES, Jan 28 (Reuters) - Argentina s upcoming soy
crop is expected at 46 million tonnes, the Buenos Aires Grains
Exchange said on Thursday, citing dry, hot weather as its reason
for shaving a preliminary estimate of 46.5 million tonnes.
The country is the world s top exporter of soymeal livestock
feed used to fatten hogs and poultry from Europe to Southeast
Asia. But this season Argentina s famously fertile Pampas farm
belt has been stricken by months of unusually dry weather. Due to high temperatures and limited water supply in key
farming regions, our soybean production estimate has been
reduced to 46 million tonnes, the exchange said in a report.