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Senior Contributor
luisvieira
Posts: 231
Registered: ‎04-24-2012
0

Weather delays corn planting in Argentina

[ Edited ]

Torrential rains and storms are not just happening in Central Iowa. In northern Argentina, for instance, strong rains were frequent over the last seven days and have been impeding the corn planting. Even so, the rains did not bring enough moisture to the fields, which had been dry for the last months. The corn planting in Argentina just reached 2.8 percent of the total 8.1 million acres area. This is a delay of 2.2 percent compared to last year, according to the Buenos Aires Cereal Exchange.

 

And so what for the market?

Senior Contributor
NDf
Posts: 329
Registered: ‎05-13-2010
0

Re: Weather delays corn harvest in Argentina

If you are asking what effect it will have on the corn futures the answer is nothing maybe if anything negative b/c  rain makes grain

Advisor
giolucas
Posts: 1,108
Registered: ‎06-25-2010
0

Re: Weather delays corn harvest in Argentina

[ Edited ]

Yesterday news of soybean planting in South America and the market came down, today there is more rain in the forecast in the Midwest and still the market down hard.  WTF.

Senior Contributor
NDf
Posts: 329
Registered: ‎05-13-2010
0

Re: Weather delays corn harvest in Argentina

glolucus Rain makes grain don;t ya know LMAO

Advisor
giolucas
Posts: 1,108
Registered: ‎06-25-2010
0

Re: Weather delays corn planting in Argentina

NDF,

 

I guess so and last year with the Drought we still had a nice Bean production.  Maybe these genetically modified beans can withstand a Nuclear bomb. 

Senior Contributor
luisvieira
Posts: 231
Registered: ‎04-24-2012
0

Re: Weather delays corn planting in Argentina

giolucas,

 

You've mentioned beans. That's the only thing that has brought money for the Argentines. Actually, they announced today that the area will be record in the 2012/2013 season for soybeans to 50.9 million acres. Corn area dropped to 14 million acres from approximately 15 million acres in the last season.

Senior Contributor
hanktbd
Posts: 236
Registered: ‎01-08-2013
0

Re: Weather delays corn planting in Argentina

Luis,

 

50.9 million acres (hectares??) to be planted this year.

 

How many were planted last year??  TIA

 

 

Senior Contributor
luisvieira
Posts: 231
Registered: ‎04-24-2012
0

Re: Weather delays corn planting in Argentina

It is growing three percent over last year.