Argentina Weather continues to dominate the Argentine grain market. Rainfall persisted across much of the country’s agricultural region during the week, accompanied by unusually warm temperatures. As a result, soil moisture profiles remain fully recharged across most production areas. The main exception is northwestern Argentina, where an additional 20 mm of rainfall would be welcome to allow sunflower planting to begin. The impact of current weather conditions varies by crop.
Corn Nearly 30 percent of Argentina’s corn crop remains to be harvested, making corn the crop most affected by current weather conditions. High grain moisture and poor road conditions continue to delay fieldwork. Harvest progress now trails last season by...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
