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USDA's Oct. 24 GAIN report projects Argentina's 2018-19 corn crop at 41.5 million tonnes, about 500,000 tonnes higher than previously estimated and well above the drought-hit 32 million tonnes of 2017-18.
Corn exports are forecast at 26 million tonnes, 1 million lower than before. Brokers expect shipments to slow from November to February as they face strong U.S. competition.
A larger Argentine corn crop with lower exports adds supply but reduces export competition with the US pricing in the near term. Slower Argentine shipments from November to February could support US corn export demand.
world-grain.comArvin Donley25 oct 2018Tras 770 eventos neutral de informe pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,1 % y +1,6 %), y +0,7 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
