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Argentina

WHAT'S NEXT?: Argentina domestic activity will be held back by rising inflation and the impact of numerous policy-induced economic distortions.

  • [New] Global soybean production was revised upwards, with USDA expecting Brazilian production to bounce back sharply last year's drought as well as higher production in the U.S. and Argentina. DTN Progressive Farmer
  • [New] Detroit-based rival Ford Motor said on Monday it had signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time Ford has publicly announced where it will procure the battery metal. Mining.com
  • [New] In the near term, Australia, Canada, the EU and Argentina will see an uptick in wheat exports first. Russia-Ukraine conflict will likely mean hardship, oppo
  • Global soybean ending stocks are projected at 99.6 million tons, up 14.4 million, with most of the increase in Brazil, Argentina, and the United States. EPA
  • Argentina is the world's biggest exporter of soybean products and that smaller crop, slow farmer selling, and reduced imports from Paraguay are expected to limit domestic soybean crush activity to 39.4 million tons, compared to 41.2 million in 2020/21. Brownfield Ag News
  • The minister for agriculture, livestock and fisheries in Argentina has launched a plan to increase Argentina's beef production by 600,000 t by 2030. Irish Farmers Journal
  • Argentina's genetically engineered, drought-tolerant wheat - named HB4 - could have large environmental benefits, but other countries' choices will determine their scale. The Breakthrough Institute
  • UK inflation is expected to be 5.3% in 2023, the highest in the G7, higher than all EU members, and only exceeded in the G20 by crisis-ridden Argentina, Turkey and Russia. .foodingredientsfirst.com/
  • Projected 2021/22 global trade is lowered 3.0 million tons to 200.1 million as lower exports by the EU, Ukraine, the United States, and Kazakhstan are not completely offset by higher exports by Russia, Brazil, and Argentina. Startupsavant.com
  • Production in Argentina was forecast at 43.5 million metric tons, unchanged from the previous month's outlook but ahead of the trade outlook for 42.8 million tons. Successful Farming
  • The soya bean oil price is marching up at the moment due to the smaller harvests expected from growers in Brazil, Argentina, and Paraguay - which account for more than 50% of world supply - after severe drought. The Guardian
  • Soybean output in Argentina will be seen by the USDA at 42.8 million metric tons, down from 43.5 million last month, and corn production probably will be pegged at 52 million metric tons, down from 53 million in March. Successful Farming
  • Importers will likely substitute with less expensive oils that are more readily available, including palm oil from Southeast Asia and soy oil from Argentina, Brazil, and the United States. USDA Foreign Agricultural Service
  • Stocks in major corn exporting countries (the United States, Brazil, Argentina, and Ukraine) are expected to be the lowest since 2012/13. USDA Foreign Agricultural Service
  • A group of countries including Argentina and Brazil, led by Gabon, called for developed countries to provide at least $100 billion a year, rising to $700 billion by 2030. China Dialogue
  • Growing drought-tolerant HB4 wheat on one-third of Argentina's wheat-growing area could reduce global greenhouse gas emissions by at least 0.86 million metric tons of CO2 equivalents per year if yields increase 13%, and up to 1.29 MtCO2 e/yr if yields increase 20%. The Breakthrough Institute
  • Argentina is increasingly struggling with drought and saw an opportunity for HB4 wheat to help stabilize production and revenue. The Breakthrough Institute
  • Argentina's government warned beef processors to do their part to help bring down domestic inflation or risk export bans on beef. The Cattle Site
  • The disruption in wheat supply from Ukraine could have been a boon for some of the world's major food exporters, among them Argentina, and farmers such as Gabriel Pellizzon. WSJ
  • Shifts in demand to other major maize exporters, including Argentina, Brazil and the USA, are expected to occur. Food and Agriculture Organisation
  • Default has been averted, the IMF has abandoned tough love for what could be called constructive sympathy, and currency swaps between the Argentine and Chinese central banks have added to Argentina's foreign currency reserves. Asia Times
  • Metal markets will likely face relatively limited supply disruptions, which would especially benefit Peru and Chile, and a soybean price rally would provide a dollar windfall to Brazil and Argentina. Americas Quarterly

Last updated: 26 May 2022


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