아르헨티나 콩류 인사이트

Rainfall last week was focused on Cordoba, southern Santa Fe, Entre Rios, and northern Buenos Aires. Over the weekend, there was additional rainfall in north-central and eastern Argentina. Rainfall this week should favor northern locations with temperatures remaining above normal. The soybean estimate in Argentina was lowered 1.0 million tons this week to 48.0 million

Likewise, the market is still monitoring South America, keeping an eye on the weather in Argentina and delays in Brazil.

BUENOS AIRES, May 17 (Reuters) - Weekend rains in Argentina were “critical” to avoiding further losses of soybeans and corn in the 2024/25 crop, according to the Rosario Stock Exchange, which last week had to adjust its crop estimates due to the impact of a drought in January. Argentina is the world’s top exporter of soybean oil and soybean meal and the third-largest of corn. On Wednesday, the Rosario Stock Exchange (BCR) cut its estimates for the soybean and corn harvests to 47.5 million and 46 million tonnes, respectively, reflecting the dry weather in January. However, the first half of February brought much-needed rains to the country’s most important agricultural regions, which, according to the BCR, fell between 10 and 90 millimetres in the Pampas plains last weekend, mostly in the north of that region. “The last week and the next are key for late soybeans and corn, and weekend rains are essential to sustain crops and start forming a floor for harvest in the central ...