Wheat In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month, which ranges from 100–140 mm from west to east. March began with a similar trend, bringing heavy rains across the country, particularly in southern Buenos Aires province, where some areas received more than 200 mm in a short period. This caused flooding and, in some cases, structural damage.
It now appears that drought conditions have ended for nearly the entire agricultural region, except in the northeast and northwest, where a water deficit persists. High temperatures in these areas continue to hinder crop development. While some rainfall has been recorded in March, it has not...
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...
