Argentina’s corn exports to Brazil jump

Corn exports from Argentina to Brazil during the first quarter of the year reached 58,787 tons – a record. In 2015, no export of the ceral was registered to Brazil in the same period. Experts say that those imports in Brazil happened because the Real was strong in the period, boosting exports and generating scarcity domestically. Paraguay also had the opportunity and exported 78,950 tons in the period. In the future, there will be opportunities from the United States with the elimination of the temporary import tax from countries outside of the Mercosur bloc.

Soybean losses estimated at 500,000 tons in Uruguay

As a result of the floods in part of South America, there are estimates that say that Uruguayan soybean growers are likely to lose nearly 500,000 tons. With soybeans priced at US$ 350 per ton, the financial losses might be approximately US$ 175 million. The previous expected volume to be harvested in the tiny country was 2.8 million metric tons. If there are more delays, the losses can be even bigger.

Amid sunny days, Argentina’s farmers rush to finish harvest before frosts

Argentina’s soybean farmers have rushed recently with the works of the soybean harvest. With losses estimated between five and 10 million metric tons and the forecast of lower temperatures in the coming days with possibility of frosts, farmers take advantage of the sunny days and try to end the harvest as soon as possible in the central parts of the country. In provinces of Formosa and Misiones, located in the Northeast of the country, there are still reports of rains.

Argentina’s beef stock increases to highest level in 6 years

With a total of 52,636,738 million animals by March 31st of 2016, the beef stocks has increased 2.3 percent comparing to March of last year and recovered the levels of 2010, according to numbers of the National Service of Health and Food Quality (Senasa). The province of Buenos Aires has 17.9 million heads with 3.17 percent more relating to 2015. There was a growth of nine percent in Santiago del Estero, 8.81 percent in San Luis, eight percent in the province of La Pampa and four percent in Córdoba, the second largest producing province. There was yet a small growth in the province of Entre Ríos, Chaco, Santa Fe and Corrientes.

Brazil soybean crop projected at 98.1 mmt

Consultant Flávio Roberto França Junior, who is based in the city of Porto Alegre,  has issued a projection for the Brazilian soybean production putting it at 98.1 million metric tons. In March, the same consultant had predicted a crop sized at 99.47 million metric tons. The reduction was due to recent weather patterns in the states of Mato Grosso, Paraná, Bahia, Maranhão, Piauí and Tocantins. Mostly, the soil was dry in those states. Currently, the crop has advanced to 95 percent of the surface, according to França Junior.

Paraguay has historic delay of wheat planting. Reason: drought

Due to an extended drought, the wheat planting in Paraguay is just under one percent of the total surface. In the same week of last year, the planting progress was at 20 percent of the surface. According to consultancy Trigo & Farinhas, there were rains in the last two weeks in producing regions such as Itapuá, Caazapá and Alto Paraná that have enabled the works to start. “In the face of this, the prices are stable. There is a reduction of 18 percent of area planting because to sell wheat at the current prices was not attractive,” said Luiz Carlos Pacheco, director of Trigo & Farinhas.

Payment clears way for Argentina’s ag infrastructure improvements

By Luís Vieira

Buenos Aires, Argentina — After paying up on a longtime international debt, the coast is clear for Argentina’s government to get funding for building infrastructure to ship and export more corn and soybeans.

The South American country’s leaders have issued new bonds this week and finally deposited bonds totaling $15 billion, which will give an end to the selective default status, after an agreement with a group called the holdouts was accepted by the New York arbitration judge Tomas Griesa. This will enable the country to get international loans at a lower cost through international agencies such as the International Monetary Fund, the World Bank, and the Inter-American Development Bank or foreign private banks in order to restructure debts of its federal government, provinces, companies, or individual investors.

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Import taxes on corn are temporarily cut in Brazil

The imports of corn outside of the Mercosur block will have an exemption of the importa taxes for a periof of six months. The measure will be valid only for a volume of one million metric tons due to the current scarcity of domestic corn and the high domestic value of it. Poutry, swine and dairy producers demanded the tax cuts.

Brazil gets closer to impeachment, farmers freeze soybean sales

By Luís Vieira

The Brazilian House of Representatives yesterday approved by a vote of 367 to 137 the admission of an impeachment process for incumbent president Dilma Roussef, accused of mismanaging public funds and fiscal crimes.

The final decision will happen in the Senate between May 4 and May 12. In the meantime, the weak currency that long has benefited Brazilian farmers may get stronger with more governability, but this has not happened yet. So Brazilian farmers await a clear definition of this process to get to the market.

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Lack of rains increases losses of second corn crop in Brazil

The lack of rains in the Brazilian state of Goiás has already generated losses of 30 percent of the crop in municipalities such as Rio Verde and Jataí, according to the Association of Corn and Soybean Growers of Goiás. Rains have fell in the state for over 20 days. There are rain forecasts for the state, but not enough to avoid the losses. “The losses will be intensified a lot and the 2016/2017 is compromised,” said the president of the association, Bartolomeu Braz Pereira. The total losses for the state are estimated at five percent of the total volume in an area of 2.8 million acres.