The lower soybean harvest in Argentina, Paraguay, and southern Brazil would leave a lower supply for the crushing industry. The war in Ukraine puts uncertainty on the global production of oilseeds.
With the release of February data, corn shipments abroad reached a total of 40.9 Mt in the 2020/21 crop season. Likewise, the soybean crush of the crop already exceeds the tons processed during the previous trade year.
With shipments of grains, meals, and oils for 75.2 Mt, the agribusiness node of Rosario maintained the 2nd place in the world ranking but narrowed the gap with New Orleans (1st). It is also the main exporting node in the world in soybean and by-products.
The sustained external demand and the solid industrial activity once again boost barley in Argentina. Crushing has already reached a record volume in the first two months of the crop season, while the value exported is forecast to grow by 37%.
In the last 20 years, Argentina doubled its corn planted area, which today is again the largest crop. The solid export profile of corn complex allows us to expect that in 2022 it will account for 13% of Argentina’s total exports.
The corn season that has just begun throws up numbers that move negatively away from the past crop. The production of the Northern Region is forecast to have losses of 10.5%, while the centre would decrease its production by 9.6%.
All the information related to grain market in Argentina.
All the information related to pig market in Argentina.
Argentina shipped 32.3 Mt of meals and pellets last year, 5 Mt more than in 2020. Rosario cluster remains the main export node of meal and pellets and Asia as the main recepient region of these shipments.