Argentina: dryness affects yields for Corn and Soybean [Corn and Soybean - n°2/2018]

Global production for the season 2017-18 is projected lower both for Corn and Soybean, respectively at 1041.7 Mio t (-0.3% from January outlook) and 346.9 Mio t (-0.5%).

Corn production decreased for Ukraine (24.1 Mio t, -3.5%), based on the latest official statistics, and Argentina (39 Mio t, -7.1%), where persistent heat and dryness during January and early February reduced yield prospects in key central growing areas.
In Argentina also Soybean production is lowered (54 Mio t, -3.6%) due to warmth and dryness, and other reductions are expected in Paraguay, Bolivia, India, Ukraine, and South Africa. Contrariwise, Soybean production in Brazil is projected higher (112 Mio t, +1.8%), as favorable weather throughout the growing season has raised yield prospects.

Corn Export is raised for Brazil (35 Mio t, +2.9%) and United States (52 Mio t, +6.5%), reflecting U.S. price competitiveness and reduced exports for Argentina (27.5 Mio t, -5.2%) and Ukraine (20 Mio t, -2.4%).
Soybean export is expected lower for the U.S. (57.1 Mio t, -2.8%), reflecting shipments and sales through January and increased export competition on larger supplies in Brazil (69 Mio t, +3%).

Global Corn ending stocks are down from last month (203.1 Mio t, -1.7%), mostly reflecting reductions for Argentina (5.3 Mio t, -16%), Ukraine (0.89 Mio t, -11.9%) and U.S. (59.7 Mio t, -5%) that more than offset increases for Mexico, Brazil, and Turkey.
Global Soybean stocks decreased (98.1 Mio t, -0.4%) reflecting the lower expectations for Argentina (35 Mio t, -3.2%), Bolivia, Paraguay, and India more than offsetting an increase for the United States (14.4 Mio t, +12.7%).

World map of Corn Yields variations

World map of Corn Yields variations | Top 10 producers

World map of Soybean Yields variations

World map of Soybean Yields variations | Top 10 producers

Corn & Soybeans - February 2018: Report about prices, production and global trade prospects for 2017-18 season.
CLAL-Slideshow-Corn-and-Soybean-FEB18.pdf (2 MB)
Corn & Soybeans - February 2018: Report about prices, production and global trade prospects for 2017-18 season.

Source: USDA

 

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CLAL Team
About

The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.

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Posted in Argentina_en, Corn, Soy