Corn monitors U.S. crop and weather in Argentina

The analysis by Grão Direto, released this Monday (9), indicates that the release of the supply and demand report by the United States Department of Agriculture (USDA), scheduled for February 10, should bring greater clarity regarding the size of the U.S. crop and global stocks. The expectation is that the agency will confirm a high production in the United States, which may pressure quotations in Chicago if there is no relevant cut in the estimates for Argentina. According to Grão Direto, the Argentine situation, marked by heat and drought, with projected losses in the productivity of early-seeded corn, tends to act as a counterpoint to prevent more significant drops in international prices. In Brazil, the market is monitoring the planting window for the safrinha, considered determinant for the national average productivity. In Mato Grosso, sowing reached 28.30% of the estimated area, according to the Mato Grosso Institute of Agricultural Economics (Imea), with an advance of ...