Become a customer Become a customer

Argentina corn, soybean outlooks downgraded on rain: BAGE

Argentina’s 2020/21 corn and soybean crop is expected to suffer as a result of limited rainfall during the...

March 11, 2021
By Thomas Hughes
Corn

Argentina’s 2020/21 corn and soybean crop is expected to suffer as a result of limited rainfall during the planting season toward the end of last year and into January, the Buenos Airies Grain Exchange (BAGE) said in its weekly update Thursday.

Corn production is now expected to hit 45 million mt, down 1 million mt from the agency’s previous estimate with soybean production now expected to come in at 44 million mt, down 2 million mt.

In addition, uneven rainfall throughout February has further impacted soybean and corn production.

For soybeans, expectations are that yields will come in below historical averages, with the corn harvest, now well underway, hitting 3.4% of the projected area, up 1.5 percentage points on the week.

Drier weather in March has raised concerns about the amount of the crop rated normal-to-excellent. 

What to read next
Water, Waterfront, Boat
China announces new duties on US agricultural imports as US tariffs take effect
China has announced additional tariffs of up to 15% on imports of US goods from March 10, with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday, March 4. Imports of agricultural goods […]
March 4, 2025
 · 
By the Fastmarkets team
Cargo, Transportation, Vehicle
EU weekly grain exports down
The European Union’s weekly wheat exports amounted to 243,324 tonnes in the week to Sunday, February 16, according to initial data from the European Commission. Total wheat exports from the EU for the 2024/25 marketing year stood at 13.34 million tonnes, down by 36% compared with the same period in the previous marketing year, when […]
February 19, 2025
 · 
By Devora Nedyalkova
Field, Plant, Agriculture
US corn, wheat export sales rise; soybean below estimates
US corn sales for the 2024-25 season were reported at 1.65 million tonnes in the week to February 6, up by 12% from the previous week and by 20% from the prior four-week average, landing within the USDA’s expected range of 800,000-1.7 million tonnes, USDA data showed on Thursday, February 13. Much of the increase […]
February 14, 2025
 · 
By Ryan Capozziello
Cargo, Transportation, Vehicle
Brazilian corn, soybean, wheat exports fall in January
Brazilian corn exports amounted to 3.59 million tonnes in January, down by 26.3% from the same month last year. Meanwhile, soybean shipments fell by 62.4% to 1.07 million tonnes, according to customs weekly data on Monday, February 10. In January last year, Brazil exported 4.87 million tonnes of corn and 2.85 million tonnes of soybeans. […]
February 11, 2025
 · 
By Marcela Caetano
Corn, Food, Grain
US corn net long jumps to highest since May 2022 and soybean flips to net long
Investors in the US corn and soybean markets trimmed shorts while amassing longs in the week to Tuesday January 14, pushing the corn net long to the highest-level since May 2022 and moving soybeans from a net short to a net long for the first time in more than a year, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday January 17.
January 20, 2025
soybeans being unloaded after the harvest
EU-Mercosur free-trade deal agreed but effects on agricultural goods uncertain
The recently concluded EU-Mercosur free-trade agreement, after 25 years of negotiation, is expected to have limited immediate impact on South American agricultural exports to Europe.
December 11, 2024
 · 
By Eduardo Tinti