Argentina’s soy sell-off continues, but sales expected to slow

Argentina’s soy sell-off continues, but sales expected to slow

Government actions to spur export sales seem to have worked

Argentine farmers continue to offload soy stockpiles following a series of carrot-and-stick measures aimed at spurring exports. Between Sept. 8 and 14, producers sold 2.3 million tonnes of the 2021-22 harvest, up from 2.1 million tonnes the prior week, per official data. By the end of that week, 61.8 per cent of the 2021-22 harvest

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures slump on global demand concerns

Traders eye favourable U.S. harvest weather

Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture



CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures fall 1.5 per cent

CBOT corn, wheat firm

Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday as Argentina’s decision to offer farmers a better exchange rate for their crops threatened to raise export competition at a time when U.S. offerings typically dominate the market. “It just makes more product readily available short-term,” said Mark Schultz, chief analyst at



“This season for wheat is complicated.” – Juan Francisco Arregui, Argentinian farmer.

With world short of wheat, Argentina farmers worry about crop

From weather worries to political whims and lack of inputs, key exporter expected to produce much smaller wheat harvest

Reuters – Drought is only the beginning of worries for growers like Juan Francisco Arregui in Argentina. The world is relying on more wheat than usual these days to fill a supply crunch of grain needed to make bread and flour. “This season for wheat is complicated,” Arregui told Reuters, as he stood in a



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Argentina’s Bioceres says GMO wheat gets OK from U.S. FDA

London/Chicago | Reuters – The U.S. Food and Drug Administration concluded a review of Argentine biotechnology firm Bioceres’ BIOX.BA genetically modified (GMO) wheat without further questions, a “key step” to commercializing it in the United States, the company said on Monday. While corn and soy crops used predominantly to feed livestock are commonly planted with


CBOT July 2022 wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat extends fall, soybeans firm

Corn books third week down

Chicago | Reuters — Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said. Corn also eased, as accelerated U.S. planting and news that Argentina may expand an export volume cap weighed. Soybeans gained on strong export