Corn Rains finally arrived across much of Argentina’s agricultural region, halting the crop deterioration seen in recent weeks. The core corn and soybean region benefited most, with some areas receiving up to 100 mm. However, localized damage from excess moisture, wind and hail affected an estimated 400,000 hectares across corn and soybeans. The south, particularly southeastern Buenos Aires Province, received less relief and soil moisture deficits remain visible. Crop development there is somewhat delayed, which may allow additional time for recovery if follow-up moisture arrives.
Corn conditions had been declining sharply week after week, and this marks the first stabilization. Currently, 43 percent of the crop is rated good to exce...
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...