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Contributor

The South America Crop Report for October 18, 2015

 

This week's SACR covers Argentine farmers praying for change with next week's election, Brazil's desire for TPP status, and Uruguay's 2016 soybean forecast.

 

The South America Crop Report for October 18, 2015

 

Patrick Archer

FarmsUY

 

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Honored Advisor

Re: The South America Crop Report for October 18, 2015

thanks patrick,

 

The cash squeeze for producers is going to create some fertility depletion in places.... 

Will it affect crop choices or production in South America as well?

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Contributor

Re: The South America Crop Report for October 18, 2015

Yes, the impact is already affecting crop choices and production in South America. In Brazil and Uruguay it has more to do with the cash squeeze you mention, while in Argentina it has more to do with crop retentions, soaring inflation and political uncertainty ahead of the 10/25 presidential election. By some estimates, Argentine corn planting will be down 30-50% compared to last year. If an opposition candidate wins, the outlook for producers there would improve, but if the government's hand-picked successor Scioli wins, it will be "a guaranteed failure" for Argentine farmers in the words of the national ag society president.