Month: December 2017

The soybean planting in the country is still delayed and reached 63.5% of the estimated surface of 44.7 million acres. The half of the remaining area is expected to be planted in the coming two weeks if the weather helps. In the case of corn, the works have advanced to 45.3% of the total surface of 13.3 million acres. The weather has been a worry for crops in the Northern provinces of Chaco and Salta.

Quarantine pests have been revealed 20 times over the last one and a half months and 127 times since the beginning of 2017 against 91 times in 2016. So, the situation is much worse this year. If Brazil takes no measures, Ros Selkhoz Nadzor impose a provisional ban on Brazilian soybean imports.

Soybeans pressured by rains in Argentina, record Brazilian crop. Chicago soybean futures edged lower, with the market trading near its lowest in almost 11 weeks as forecasts of rain in Argentina’s drought-hit oilseed growing areas weighed on prices. Rains that fell on Argentina’s main farm belt over the weekend brought relief to parched soybean. The Chicago Board of Trade most-active soybean contract slid 0.1 percent to $9.61 a bushel.

The National Agricultural Cooperative Marketing Federation of India has procured 70,004 metric tonne of kharif soybean and 570,076 metric tonne of groundnut-in-shell in key growing states of the country. The procurement of soybean is underway in Maharashtra, Rajasthan and Telangana, while procurement of groundnut is being carried out by Gujarat, Rajasthan and Andhra Pradesh. Gujarat is the top producer of the kharif groundnut. Maharashtra and Rajasthan are the second and third largest producers of soybean in the country.