La Niña phenomenon begins to pose a threat to corn shipments from Brazil and Argentina

게시됨 2024년 10월 21일

Tridge 요약

Corn production in South America is under threat from high freight costs, La Niña, and adverse weather, leading to price hikes. Despite these challenges, Brazil and Argentina are boosting corn exports to China, with Brazil enjoying record production and competitive pricing, though it faces drought issues. Argentina might cut corn acreage due to grasshopper infestations. La Niña could affect yields, but slight production increases are forecasted by the USDA for both countries. Global corn dynamics are influenced by reduced production in Ukraine and southeastern Europe, and declining Russian exports. US corn exports to China have dropped due to lower Chinese demand and efforts to boost domestic production, even as Chinese and US corn production are expected to hit record highs. Hurricanes have recently improved US transportation costs by enhancing Mississippi River conditions.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

High freight costs for shipping corn to South America, the development of La Niña and adverse weather prospects are threatening corn production in the region, causing prices to rise. For now, however, producing countries Brazil and Argentina are enjoying a giant leap to export 17 million mt of corn to China, up from 2 million mt in 2022, BRS Dry Bulk reports. Brazil’s recent record corn production has allowed the country to offer competitive prices, making it China’s largest trading partner, while cutting into the US’s market share. However, Brazil is experiencing problems due to an ongoing severe drought. Brazil’s National Supply Company, Conab, expects a corn crop of 120 million mt, up 3.5% year-on-year. Meanwhile, Argentina’s corn acreage may decline as farmers favor soybeans amid fears of a possible resurgence of a grasshopper infestation. The likely impact of La Niña will persist through the main crop growth period from December to February. This could put significant ...

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.