Argentina expands corn area by almost 10%

According to an analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the period from August 15 to 21 and published last Thursday (21), corn showed a slight appreciation in the Chicago market. The first month quoted closed at US$ 3.87 per bushel, up from US$ 3.75 recorded the previous week. According to the United States Department of Agriculture (USDA), as of August 17, 71% of American crops were in good to excellent condition, 21% were regular, and 8% were poor to very poor. In the week ending August 14, U.S. corn shipments reached 1.05 million tons, about 500,000 tons below the volume of the previous week. In the current marketing year, the country has exported 64.2 million tons, compared to 50.2 million tons in the same period last year. In Argentina, the expectation is for a 9.6% ...