Oil World reduces Argentine soybean crop estimates because of lack of rain

Wednesday, December 22nd 2010 - 05:32 UTC

Full article 6 comments

Oil World has for a second time in two weeks reduced Argentina soybean crop hopes warning that, thanks to dry weather, it could be on course for a fall of more than 20%. Read full article

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stick up your junta
20 mastershakejb (#)
Dec 21st, 2010 - 01:49 am
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lol @ UK, good luck exploiting that WATER, lol

LOL
Dec 22nd, 2010 - 08:47 am - Link - Report abuse 0
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Pheel
Don´t celebrate too much our disgraces, as price will compensate less volume!
It will a problem to keep the dollar at 4 pesos, thanks to competitive and efficient farmers.
Dec 22nd, 2010 - 12:47 pm - Link - Report abuse 0
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fredbdc
Peso is project to be 4.50 by the end of 2011. is that what you are saying Pheel? You need volume and price to keep the economy going it is already showing strains. I would imagine there is only enough $ left to keep this going until after the elections so we will see very shortly.
Dec 22nd, 2010 - 01:52 pm - Link - Report abuse 0
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Pheel
Right as always, freddo, don´t avoid to buy futures a 4.50.
Dec 22nd, 2010 - 04:58 pm - Link - Report abuse 0
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fredbdc
Just repeating what I heard, and they won't be very far off exports going down imports going up doesn't that mean reserves must go down?

http://www.bloomberg.com/news/2010-09-03/peso-gdp-warrants-left-behind-in-rally-as-currency-sinks-argentina-credit.html
The peso touched 3.9540 per dollar on Aug. 31, the weakest level since its creation in 1991, after the central bank stepped up dollar purchases to weaken the Argentine currency and bolster exports. Economists predict the peso will slide to 4.1 per dollar by year-end and to 4.5 by December 2011, according to the median of 12 forecasts in a Bloomberg survey.
Dec 22nd, 2010 - 05:16 pm - Link - Report abuse 0
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xbarilox
Staged protests at supermarkets in the country to demand food.

“In Buenos Aires, protesters gathered in the Coto supermarket, located at the intersection of Lima and Garay avenues, the neighborhood of Constitución. El coordinador nacional de Barrios de Pie, Daniel Menéndez, señaló a lanacion.com que también realizaron manifestaciones similares en Mendoza, Rosario, Córdoba, Chaco, Neuquén, Tucumán y Mar del Plata. The national coordinator of Barrios de Pie, Daniel Menendez, told lanacion.com also held similar demonstrations in Mendoza, Rosario, Cordoba, Chaco, Neuquen, Tucuman and Mar del Plata.”

http://translate.google.es/translate?hl=es&sl=es&tl=en&u=http%3A%2F%2Fwww.lanacion.com.ar%2Fnota.asp%3Fnota_id%3D1335760
Dec 22nd, 2010 - 09:27 pm - Link - Report abuse 0
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