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Grains and oilseeds: worries over new plague in Argentina

September 6, 2024 at 1:25 PM , Der AUDITOR
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BRUSSELS. Australia may have put the wheat market in Asia under pressure but the situation is different in Russia and the EU. Drought and cicadas are a worry for corn. Argentina’s farmers will switch to soybeans. In a standoff with Canada China has issued an anti-dumping investigation concerning canola.

Bridging the gap between good and bad wheat crops

While competition is turning fierce in the market in Asia due to improved crop projections in Australia, the opposite is the case in Russia and in the EU. Prompted by received rainfall in the most important growing areas ABARES has raised the projection for Australia’s wheat crop by as much as 2.7 million mt to 31.8 million mt. Last year’s production stood at 26 million mt. SovEcon has, by contrast, reduced the crop estimate for Russia by 800,000 mt to 82.5 million mt. Expectation is also that EU wheat ex

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