Argentina’s corn harvest has reached 6.7%, up from 2% last year, with yields averaging 8,010 kg/ha. The corn estimate remains unchanged at 46 million tons due to improved weather. The Buenos Aires Grain Exchange reported enhanced crop and soil moisture conditions. Upcoming events include a conference on grain sector development in Kyiv. Additionally, Brazil is experiencing the lowest corn stocks in decades, and the EU has imposed tariffs on U.S. corn and soybeans.
As of the latest updates, Argentina’s corn harvest has progressed to 6.7%, a notable increase from 2% at the same time last year. This marks a weekly advance of 1.3%. The most significant harvesting rates are observed in east-central Entre Rios at 46% and north-central Santa Fe at 45%. Average yields are currently at 8,010 kg/ha (127.3 bu/ac), reflecting an increase of 3.5 bushels compared to the prior week.
Weather conditions in Argentina have markedly improved in recent weeks, alleviating prior drought concerns. However, there are rising worries regarding excessive rainfall in some areas, particularly Buenos Aires. Recent precipitation has positively influenced soil moisture, contributing to the continuity of the corn estimate at 46.0 million tons.
The Buenos Aires Grain Exchange reported that corn crop conditions have similarly improved for three consecutive weeks, despite a lack of detailed percentage ratings. Soil moisture ratings for corn have also shown positive trends, reflecting a strengthening crop condition. The exchange’s data tracks these improvements graphically for easier understanding.
In related news, the 23rd International Conference BLACK SEA GRAIN.KYIV is scheduled for April 24 in Kyiv, focusing on the further development of the grain sector in the Black Sea and Danube region, inviting industry leaders for strategic discussions and networking opportunities.
Recent reports indicate Brazil is facing a significant decrease in corn stocks, with the European Union imposing new duties on corn and soybeans imported from the U.S. Additionally, Austria has pledged €2 million to support the Grain from Ukraine initiative, while Tunisia has purchased 100,000 tons of soft wheat.
The article highlights Argentina’s steady advancement in corn harvesting and the maintained estimate of 46 million tons, attributed to improved weather conditions and soil moisture. Key regions like Entre Rios and Santa Fe are leading the harvest, and the grain sector’s development will be prominently discussed at the upcoming international conference. The surrounding agricultural context, including Brazilian stocks and EU trade policies, is also significant in understanding current trends in grain markets.
Original Source: ukragroconsult.com
