With a presidential election looming next month, Argentine farmers are facing difficult decisions in light of the current economic situation as well as a potential change in government.An old friend from Argentina, who manages a large commercial grain and livestock farming operation in addition to his own farm, summarized his opinion of the situation there in a recent conversation that we had. Below is a recap:
Planted area of all crops will be lower except for soybeans. Wheat is expected to decline by 1.75 million hectares with production dropping to 9.5 MMT. (USDA has it pegged at 11 MMT). Corn planted area will decline by 400,000 hectares with production at 21 MMT. (USDA's latest estimate is 25 MMT.) Soybean planted area will increa...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
