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Wheat production in marketing year (MY) 2021/22 is projected at a record 20.8 million tons, 300,000 tons higher than USDA Official.
As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.
With the MY 2020/2021 harvest season almost complete, Post lowers its soybean production estimate 500,000 tons, to 44.5 million metric tons (MMT), 2.5 MMT below USDA Official.
Argentine beef exports in 2020 are projected down at 640,000 tons carcass weight equivalent as lower prices and animal and human health issues generate negative trade dynamics.
On Wednesday, March 4, 2020 the Government of Argentina announced adjustments to its export tax regime.
2019/20 Soybean production forecast is raised to 54.1 Million Metric Tons (MMT), up 1.1 MMT from December, on positive growing conditions for first crop soybeans across Argentina.