Argentine farmers plant more soybeans

Argentine farmers plant more soybeans

Argentina’s government and the country’s main grains exchange increased their soy-planting estimates Nov. 21, as growers hedge against political uncertainty by shifting toward oilseeds, which are cheaper to grow, and away from more expensive corn. Argentine President-elect Alberto Fernandez, set to take office on Dec. 10, has said little about his farm policy plans. But

A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary



CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat futures climb on short-covering

Chicago | Reuters — U.S. wheat futures hit their highest in nearly a week on Tuesday as declining U.S. wheat condition ratings and worries about Southern Hemisphere crop prospects fueled a round of short-covering, analysts said. Corn firmed on signs of improving export prospects and soybean futures closed modestly higher. Chicago Board of Trade December


CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat eases in profit-taking setback

Chicago | Reuters — U.S. wheat futures declined on Monday on profit taking after three sessions of gains, on concerns about weather-reduced Southern Hemisphere crops that had lifted the market to multi-month highs. Soybeans were mixed amid worries about reduced yields and late harvesting, while corn drifted lower on dull demand. Both markets remained in







Social life revolves around weekend barbecues for Argentines, wealthy or poor.

Steak-crazy Argentines keep buying beef

A recession and run on their peso is 
making the staple protein much more expensive

Times are hard in recession-hit Argentina and the peso currency’s latest crash has jolted food prices higher. But in a country where eating beef is considered more a right than a luxury, people are stretching their budgets to keep buying steak while butcher shops see profit margins shrink. Social life revolves around weekend barbecues for