Corn After a week without rain, Argentina’s corn harvest gained momentum and reached nearly 6 percent of the area. This had the consequent effect of increasing truck arrivals at ports, which was a relief for exporters who face a vessel lineup of 1.8 MMT of corn. Argentina has already exported 2.6 MMT of corn in March.
In the local market, corn is the most dynamic product as wheat sales are low and soybeans are somewhat delayed. With a harvest that is beginning to pick up, there is more intent from producers to sell. That, combined with a week-ending increase in Chicago futures, meant that replacement prices started to improve slightly. At the end of the week, exporters began to generate some volume at 50 cents per kilogram.&...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
