Argentina’s Corn and Wheat Market Update The central and southern regions of Argentina’s agricultural area have received abundant rainfall in recent weeks, improving water conditions for crops and replenishing soil moisture throughout the profile. As a result, except for the northern provinces — which contribute little to total production — most of the agricultural region has soil moistures at full capacity in its arable layer (the top centimeters of soil). However, in terms of overall soil moisture availability, additional rain is still needed in the north and the far south of Buenos Aires province. Last week’s rains were intense, with isolated cases of hail, flooding, and crop lodging. Forecasts for the next...
Accountability and a comprehensive approach to export programming
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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...