…that, With a lack of rainfall in agricultural areas (only snowfall in the south and foothills), and a wave of polar cold that caused a series of frosts, the conditions for sowing fine grains (wheat, barley, rapeseed, etc.) continue to be complicated., a situation that is exacerbated by the lack of gas oil that also delays the progress of the remaining harvest, especially corn, of which about 50% still needs to be collected. According to meteorologists, this scheme could be extended during the winter, to make matters worse, the strong oscillations in international prices continue, after rumors of an “unblocking” when Ukrainian wheat leaves the Black Sea, which collapsed the prices of the cereal and dragged the corn. Both, in turn, pressured by higher production expectations in the US. On the contrary, soybeans achieved a certain firmness in the idea that the Biden Administration will expand the percentage of “cut” with fossil fuels, which would consolidate the demand for oilseed for biofuel. In Argentina, meanwhile, the wheat area continues to shrink, now to 6.3 million hectares, according to the Rosario Stock Exchange, while the coarse grain harvest also continues to adjust downwards with 42.2 million. of tons for soybeans (10% remains to be harvested), and 49.2 million for corn, of which half is still missing, so some estimate that it could be even less, which clearly shows the negative impact of the summer drought , and the extreme heat wave during the first month of the year.
Source: Ambito
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