This represents less than a third of what was marketed during the last week, when 551,000 tons of soybeans were liquidated.
The number is recorded after a differential dollar price prevailed in December most profitable for soybean producers in Argentina. This helped encourage liquidations agricultural exporters and to reinforce the reserves of the central bank (BCRA).
With respect to corn of the 21/22 harvest, 75.9% has been sold of the 59 million tons that were harvested, according to the latest official report published this Tuesday. This date is found by below 78.1% that had been sold at the same time during the 20/21 cycle.
Planting of corn for the 2022/23 cycle began in September in Argentina, the third world exporter of cerealwhere the springwhich was the driest in the last 35 years according to the Rosario Stock Exchange, it hit the development of sown grains.
With respect to wheatuntil last week had sold 6.7 million tons of the 2022/23 campaign, which represents the fifty% of the total planned production.
As a consequence of the droughtthe Government estimated that the wheat crop 22/23 would be only 13.4 million tons. However, according to the Buenos Aires Grain Exchange (BdeC), the lack of water will dissipate as the southern summer progresses.
Given this scenario, producers demand measures to compensate for the loss caused by the drought.
In the first week of this 2023 agro-export companies entered in the local exchange market around US$333 million and, if the trend continues, the month would culminate in a settlement of just over $1 billion.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
