Tag: corn

• Saturday, October 17th 2020 - 08:48 UTC

  Brazil considering temporarily zero tariffs on corn and soybean imports outside Mercosur

  

  The Brazilian government is set to discuss a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade bloc, as recently happened with rice, a staple of the Brazilian diet.

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• Thursday, January 9th 2020 - 08:52 UTC

  Brazil anticipates record 2019/20 oilseed and grains crop: some 250 million tons

  

  Brazil's 2019-20 crop of grains and oilseeds is expected to reach a record of nearly 250 million metric tons, mainly driven by a sharp recovery in soybean production, even as inclement weather in southern regions of the country is raising concerns about the corn crop.

• Wednesday, June 12th 2019 - 07:54 UTC

  Argentina grain exporters ready to replace the US as main supplier of Mexico

  

  If trade strife continues between the United States and Mexico despite a deal struck on Friday, Argentine grain exporters are ready to step in to meet Mexican food demand, the head of an Argentine industry chamber said.

• Thursday, April 11th 2019 - 09:27 UTC

  Bumper harvest of soybeans and corn expected in Argentina, says Rosario grains exchange

  

  Argentina's soy production will likely reach 56 million tons for the 2018/2019 season, two million tons more than previously estimated, the Rosario grains exchange said on Wednesday, a fillip for the sector that was battered by drought last year.

• Monday, February 18th 2019 - 09:18 UTC

  Brazilian soy crop estimate suffers small cut but corn is booming

  

  Brazilian agribusiness consultancy Safras & Mercado announced a small cut in its projection for the country’s 2018/2019 soybean crop in a statement on Friday, as weather stopped worsening in key growing regions. Safras cut its projection to 115.402 million tons from a 115.718 million-toe forecast in January, as the effects of a drought that has stressed fields subsided.

• Wednesday, September 19th 2018 - 08:44 UTC

  Brazilian farmers encouraged by moisture conditions to plant soy and corn

  

  Brazilian farmers sped up soy and corn plantings this week for the country’s next grain crop, under favorable weather conditions and a positive market outlook, despite a sharp fall in soybean futures in Chicago on Tuesday. Soybean planting in Brazil’s second-largest producing state of Paraná reached 9% of the expected final area this week, up 8 percentage points from last week and compared to only 1 percent at this time last year, as ample soil moisture allowed for a quick start of fieldwork.

• Tuesday, June 26th 2018 - 08:51 UTC

  Brazil's second corn crop lower, but export forecast remains at 28m tons

  

  Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tons on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult had estimated last month that the second crop, which farmers are currently harvesting, would total 57 million tons.

• Wednesday, February 28th 2018 - 09:37 UTC

  Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth

  

  A prolonged drought wreaking havoc on Argentina's soybean and corn crops could threaten the country's economic performance in 2018, an official said, as the country seeks to grow for a second straight year after several years of biting recession.

• Saturday, February 24th 2018 - 09:10 UTC

  Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down

  

  The lack of rain triggered by the La Nina weather phenomenon has prompted the Rosario Exchange to cut its forecast of Argentina’s 2017/2018 corn and soybean crop by 12% and 10%, respectively, making it one of the most bearish analysts in the market.

• Friday, February 23rd 2018 - 09:21 UTC

  Mexico buying more Brazilian corn over concern with NAFTA negotiations

  

  Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.