Tag: corn
cornDrought in Argentina and Brazil cuts significantly corn crops’ volumes
Corn advanced heading for the biggest weekly gain in five as concerns that a renewed heat wave in Argentina and south Brazil may damage crops boosted demand for US grain. Soybeans were little changed.
Drought emergency in central Argentina and Paraguay but no sufficient rains on sight
Argentine corn and soy farms will suffer from hot weather and scant rains for the rest of this week, forecasters said on Tuesday, increasing worries that crop losses will eat into global supplies.
US is ending three-decade subsidies on corn ethanol
The US government is ending a three-decade-old policy of subsidizing corn ethanol, but it appears that the loss of the 6 billion dollars annual benefit will have little impact on farmers.
US bio-fuel production increase: fact or wishful thinking?
A recent study, released on 11 October, “Bio-fuel Markets and Technologies” released by Pike Research states that the global bio-fuel market will double within the next decade to 183.3 billion dollars from its current level of 82.7 billion, with ethanol production accounting for 78 billion of future worldwide bio-fuel production, while predicting that bio-diesel production will reach 25.5 billion.
US grain farmers furious with Argentina and Canada advance in the Colombia market
Argentina has rapidly displaced the US as the main supplier to Colombia of corn and in near future wheat, with volumes soaring from 99.000 tons in 2007 to over 2.2 million tons currently, points out Agrimoney.
Corn boom forecasted in Argentina as the grain most resilient to quotas’ system
Argentina is undergoing a “corn planting boom” because of its more diversified market opportunities which help to ease the full impact of the export quotas system imposed by the government of Cristina Fernandez.
Expected bumper crop in US makes corn prices suffer its biggest fall in 15 years
The price of corn suffered its biggest fall for 15 years on Thursday, prompting speculation that the high cost of food may start to ease. Corn prices dropped 10% after a US Department of Agriculture report that farmers are sowing unexpectedly large amounts of the grain.
Brazil expects a new record crop totalling 158.7 million tons
Brazil will harvest this year a record crop of 158.7 million tons, 6% higher than last year’s 149.7 million tons, according to the latest release from the country’s Geography and Statistics Institute, IBGE.
Paraguay has over a million hectares planted with corn
Paraguay is experiencing a boom in corn with an area planted of over a million hectares compared to 600.000 hectares a year ago, according to the country’s Soybean Farmers’ Association president agronomist Francisco Regis Mereles.
Paraguay’s 2010/11 soy bean crop could reach 8.4 million tons
Paraguay’s 2010/11 soy bean crop covers 2.830.000 hectares (twice the area ten years ago) and the expected yield is between 2.900 and 3.100 kilos per hectare according to the latest satellite pictures in hands of the Paraguayan Chamber of Grains and Oilseed Exporters, Capeco.
So far the record yield dates back to 2003 with a national average of 2.915 kilos.
