13.02.2021 Argentina: The Buenos Aires Grain Exchange (BAGE) rated 24% of the corn crop "good / excellent", which is 2% higher than the previous estimate. BAGE lowered its forecast for corn production by 1 million tons compared to the previous estimate of 47 million tons. January rains improved the prospects for corn in three primary production provinces (Buenos Aires, Cordoba and Santa Fe).
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However, February is a critical month for grain filling and weather conditions have changed to drier with more acceptable temperatures. The CIARA Export Chamber reports that truckers have stopped a 20-day strike at some grain loading ports. Jorge Chemes, president of the Confederaciones Rurales Argentinas, says the government has abandoned its plan to increase export duties or other interventions. (Reuters; Refinitiv) Argentina Brazil: Consulting company Datagro forecasts corn production in 2020/21 at 110.06 million tons, which is 130 thousand tons higher than the previous estimate of 109.93 million tons. The official estimate of CONAB is 105.5 million tons, and FAS has reduced the estimate of corn production in 2020/21 to 105 million tons, despite the increase in sown area for the second harvest by 1 million hectares. The USDA estimates it at 109 million tons, although 40 percent of the second crop will be sown outside the optimal window. EMBRAPA has approved the use of the Aera ...
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