Corn Argentina Last week’s heatwave in Argentina was as bad with temperatures above 40C (104F) and strong winds in many places. By the week’s end, however, the weather pattern changed, and rains fell over nearly all the agricultural area with total precipitation amounts varying greatly.
For the early crop, the rains came about 10 days too late to do much good. Most of the crop has passed through the critical yield-defining stages when moisture was needed to achieve heavy grain fill and large yields. Yields will certainly be affected, and last week’s rains did little other than to stop further losses. The late crop, which represents about 60 percent of the planted area, is still in vegetative stages and ha...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
