Wheat Argentina’s wheat situation is increasingly complicated. It has not rained for several weeks, and the soil moistures are insufficient for planting wheat seeds. Many farmers missed the planting window or decided not to take the risk of planting. The Buenos Aires Grain Exchange again cut its sowing estimates by 100,000 ha to 6.3 Mha, down from 6.7 Mha last year. To date, 60 percent of the area has been planted with rapid progress in the last two weeks, especially in Buenos Aires province. Regarding crop conditions, perhaps the most important thing to note is that 40 percent of the area is in fair to poor water conditions. To make matters worse, the forecast for the coming weeks is not optimistic.
Additionally, pri...
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...
