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
March  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 31            
Subscribe to South America Calling RSS
Recent Blog Posts
  • Brazil's Crisis and Soy
  • Agroconsult Raises Brazil 2014-15 Soy View to 95.8 MMT
  • Brazilian Soy Harvest 59% Complete
  • Brazil's Minas, East Goias Soy Hurt By Dry January
  • Drought Hurts Brazil Bahia Crop, Late Planting Limits Losses
  • AgRural Raises Brazil Soy Crop View on Excellent South
  • Blockades, Weak Real Dictate Brazil Soy Market
  • Brazil's Soy Harvest 29% Complete
  • Brazil Trucker Protest Continues Through Ninth Day
  • Agroconsult Raises Brazil Soy View to 94.7 MMT
  • Brazil Truckers, Government Reach Agreement; Blockades Continue
  • Truckers Block Mato Grosso Soy Routes
  • Rains Hinder Brazil's Soybean Harvest
  • Dollar Bump Fails to Draw Soy Farms to Market
  • Brazil Set To Raise Ethanol Mix
  • Argentine Farms Look To Paraguay
  • Brazil's Antitrust Body Approves Cosan/ALL Deal
  • Brazil's Ag Ministry Lowers Soy, 2nd Corn View
  • Brazil's Abiove Raises Soybean View to 92.3 MMT
  • Logistics Monopoly Concerns Brazil's Soy Industry