Weather Outlook The arrival of the expected "El Niño" weather event for Argentina continues to be delayed, and the situation is becoming more complex every day. There is a very large area that includes the western part of Buenos Aires, the eastern part of La Pampa, the provinces of Cordoba, Tucumán, Santiago del Estero, and a section of Santa Fe where water reserves at a depth of 1 meter are practically zero.
The Nucleus region (Argentina’s corn agricultural area) can hold out for a few more days or weeks as the rest of the province of Buenos Aires, most of Santa Fe, and Entre Rios are in better shape. These regions currently have no issues, and the medium-term outlook is favorable. Rainfall maps a...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
