World: Corn, soybeans firm, watching the weather in Argentina

Wheat

Soybean

Maize (Corn)

Published Feb 14, 2023

Tridge summary

Corn, soybeans firm, watching weather in Argentina February 13, 2023 By John Perkins Filed Under: Closing Futures / Livestock Briefs, Crops Markets, Market News

Original content

Soybeans were modestly higher on fund and technical buying. Brazil’s harvest is slow because of rain in central and northern growing areas, but moving forward, with that record crop likely making up for the losses in Argentina. CONAB’s updated crop production outlook for Brazil is scheduled for March 9th. Bean meal made contract highs on strong domestic demand. Soybean oil was down on product spread adjustments and a lower move in palm oil ahead of the U.S. session. Export inspections topped 1.5 million tons, down on the week, but up on the year with the 2022/23 pace ahead of 2021/22. The main destinations were China and the Netherlands. Sustained demand from China is a twofold question because of Brazil’s record expected crop and diplomatic tensions. China’s government is indicating it will encourage increased domestic planting.Corn was modestly higher on fund and technical buying. There is some rain in the near-term forecast for dry parts of Argentina and southern Brazil, but it ...

Source: Brownfield Ag

What to read next

China: Fujian bayberry is exported fresh

Foodmate · Apr 26, 2024

UK's farm standards beat out Australia and New Zealand

Farmweekly · Apr 25, 2024

[Production Magnifying Glass] ‘Delaware’ grapes appear to be on the rise due to increased demand for fruit substitutes

Nongmin · Apr 25, 2024

Government releases spring cabbage from facility to market

Nongmin · Apr 26, 2024

Vietnam's pepper exports to South Korea increased by nearly 180%

Foodmate · Apr 25, 2024

Read more relevant content

Forecasting Supply Chain Impact after EUDR Implementation: Lessons learned from EUTR

Hyunwoo Lee · Apr 25, 2024

Implications of the EUDR for the Malaysian and Indonesian Palm Oil Industries upon Implementation

Benjamin Lategan · Apr 25, 2024

Export Performance of Chile’s Processed Fruits During Jan-24 and Feb-24

Xchel Perez · Apr 24, 2024

Ensuring Compliance and Sustainability in the Cocoa Industry: Collaboration with the Rainforest Alliance

Mzingaye Ndubiwa · Apr 24, 2024

The Bittersweet Story of Traceability and Ethical Sourcing Practices of Confectionery Industry Leaders

Sun Jae Lee · Apr 24, 2024

On-the-Ground Updates

Egypt's Fresh Garlic Prices Soared by 40% MoM in Apr-24 Amid Inflation and Currency Changes

Emad Kader · Apr 24, 2024

On-the-Ground Updates

Stable Bread Prices in Egypt Despite 10% MoM Drop in White Wheat Prices

Emad Kader · Apr 24, 2024

Impact of Weather Events on Ecuador's Agricultural, Productive, and Energy Sectors

Gabriela Cabezas · Apr 23, 2024

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.