Argentina corn production up in the air

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

With tight U.S. corn supplies, many global importers are looking to South America to produce a good crop to help bridge the gap and keep prices in check, according to the U.S. Grains Council.

In Argentina, excessive rainfall delayed planting and put some corn under water. While there may be fewer hectares planted to corn overall, yield potential is still high and may overcome a drop in plantings to produce a good crop. The U.S. Department of Agriculture (USDA) estimates Argentina will produce 28 million tons of corn and according to Alfredo Navarro, a consultant for the Council based in Brazil, it is still feasible, although it is a bit early for a definite forecast. USDA estimates exports from the country may reach 18.5 million tons.

In early November, the president of the Argentine corn grower association (Maizar) said output in the country may drop to 26 million to 27 million tons. Others say the crop estimate could drop by 20 percent. Whether the Argentine crop holds at 28 million tons as USDA projects or is actually smaller, there is a reasonable chance production will still pass the country's previous record of 24 million tons produced in 2010-11 and considerably more than the 21 million tons harvested in the drought year of 2011-12.

Grain traders and analysts in the United States will keep a close eye on the South American crop as it develops. "On the supply side, the progress of the South American crops will be most important for the next three months," said Darrel Good, an agriculture economist with the University of Illinois. Although weather conditions have improved and some still argue corn production potential has already been reduced in Argentina, for the near term, Good said grain markets will likely continue to reflect expectations of very large crops from both Argentina and Brazil.

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Related Articles

Comments (0) Leave a comment 

e-Mail (required)


characters left

Portable Conveyors

Convey-all portable conveyors are designed to handle your crops gently and efficiently. We offer an extensive line of high capacity ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form