In Argentina, the level of the Paraná River is expected to remain low during summer. Meanwhile, long-term tender for the waterway are being prepared and short-term tender for dredging and beaconing are progressing.
Prospects for next year look promising, with production heading for a record in Argentina, exports growing in volume and prices sustained at high levels. However, as always, the weather has the last word.
All the information related to grains and pig markets
The planting of corn and soybean goes on, progressing below previous years. Soybean crushing gives good signals to external sales.
In 2022, the main grains will basically be levied the same tax rate as in 2021. However, there has been a drop in export duties for regional economies and products with a low share of the domestic total.
Between what was already shipped and what is scheduled to be shipped, 1.65 Mt of cereal will be dispatched this month, twice the amount shipped in December 2020. However, it would be the second lowest volume in 6 years.
More area and higher yields, plus a soaring market dynamism, boost wheat stocks held by commercial establishments.
With over 50% of the target area already sown, harvest prices of corn and soybean are the highest since 2012 for this moment of the year. Also, the price differential between early and late corn reaches US$ 14.5/t.
Wheat chain in Argentina is characterized by a high industrial added value, employing over 387,000 people. On its way to a record harvest, 2021/22 wheat crop will boost exports to over US$ 4,000 million and export duties to US$ 461 million.