South America Calling
Alastair Stewart South America Correspondent

Thursday 12/27/12

More Rain Takes Edge Off Argentine Farm Festivities

Heavy rainstorms hit Argentina's grain belt in the first half of the week, depositing up to 4 inches on many already-wet parts of Buenos Aires, Cordoba and Santa Fe states.

The rain will further delay planting, which is dramatically behind schedule in a number of waterlogged regions.

However, the Buenos Aires Cereals Exchange issued a weekly report Thursday that hit a more optimistic note than many have in recent weeks.

For soybeans, it noted that rain will reduce planted area in many regions, including a 148,000-acre drop in southern Cordoba and a 420,000-acre drop in western Buenos Aires.

But these losses will be made up for by extra area in the southeast of Buenos Aires, where rapid wheat harvesting and excellent soil moisture conditions will stimulate soybean planting, said the exchange.

As a result, the exchange maintained its soybean area forecast of 48.7 million acres.

The Buenos Aires number is at the top end of soy crop estimates.

According to the report, the soybean crop is now 80.1% planted, just 0.5 percentage points behind last year.

The outlook has no silver lining for corn, however,

According to the exchange, farmers across various low-lying regions of Buenos Aires have seen corn planting efforts frustrated and, with only 20 days left in the ideal planting window, they may not get a chance.

"There is a great uncertainty among producers in the northern and southern nucleus (the top-producing regions), as also in western Buenos Aires over making the decision to plant corn late," said the report.

As of Thursday, corn farmers had planted 74.7% of their projected 8.4 million hectares for the 2012-13 season, some 5% back on the year before.

(ES)

Posted at 2:44PM CST 12/27/12 by Alastair Stewart
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
June  2015
S M T W T F S
   1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30            
Subscribe to South America Calling RSS
Recent Blog Posts
  • Brazilian Soy Rust Threat
  • Argentine Farmers Must Declare Soy Seed Origin
  • Argentina to Plant Less Wheat
  • Brazil To Set New Corn Export Record In 2015
  • The Debate Over Brazilian Soybean Area
  • Brazilian Farmers to Use Less Fertilizer In 2015-16
  • Brazil Second-Crop Corn Forecasts Rise
  • Brazil Sees US Lifting Ban on Its Fresh Beef
  • Brazil's Farmers Positively Surprised by 2015-16 Farm Credit Plan
  • Brazil Posts Record Soybean Exports In May
  • Brazil 2014-15 Soy Crop Sales Behind Schedule
  • Brazil's Continuing Cane Malaise
  • Poor Roads Raise Brazilian Grain Costs By 30%, Claims Survey
  • Fewer Restrictions Could Cause a Jump in Argentine Grain Production
  • Mato Grosso Sees Negative Soy Margins In 2015-16
  • China, Brazil and the Railroad
  • Argentine Government Seeks To Resolve Intacta Dispute
  • Brazil's Soybean Market Remains Slow
  • Brazilian Fertilizer, Farm Vehicle Numbers Slump
  • Monsanto's Intacta Dispute in Argentina