Argentina, Brazil Corn, Soy Plantings May Rise, Oil World Says
(Bloomberg) Farmland planted with corn and soybeans may rise in Argentina and Brazil, the largest exporters of both crops behind the U.S., as Chinese demand increases and profitability improves, oilseeds analysts Oil World said in a report.
Acreage competition between corn and soybeans will probably intensify in Argentina as Chinese demand for both commodities increases, Oil World said today. Brazilian farmers may plant an additional 1 million acres with soybeans, the Hamburg-based researcher said.
“An Argentine trade delegation is currently negotiating several trade agreements with Chinese officials,” Oil World said. “In Brazil, corn plantings are likely to be expanded in the southern and some central parts, as farmers are responding to the improved profitability of corn production, mainly used domestically.”
Argentina is expected to produce 26 million tons of corn in the 2011-2012 marketing year, up 18 percent, and 53 million tons of soybeans, up 7 percent, the U.S. Department of Agriculture said in a report earlier this month. Corn exports will total 18 million tons, up from 14.5 million a year earlier, according to the report. Soybeans shipments will surge 33 percent, USDA data show.
Brazil will produce 55 million tons of corn, the same as the prior year, and 72.5 million tons of soybeans, also on par with 2010-2011, USDA data show. Soybeans shipments will gain 10 percent, USDA data show. Exporters will ship 8 million tons of corn, down from 8.5 million a year earlier, according to the report.
Chinese Imports
China may import 56.5 million tons of soybeans, up 8.7 percent from the prior year, and 2 million tons of corn, up from 1.5 million a year earlier, according to the USDA.
China will have to import more corn next year to feed animals and for industrial purposes, benefiting producers and exporters in Argentina, the researcher said.
“It is expected that Argentina will benefit considerably from rising Chinese corn import requirements in the years ahead,” Oil World said. “This is likely to improve the attractiveness of corn growing and thus implies increased acreage competition for soybeans in Argentina.”
In Brazil, growers in the northern states of Maranhao, Bahia, Tocantins and Piaui, and in northern Mato Grosso will increase soybean planting, according to the report.
http://www.bloomberg.com/news/2011-07-26/argentina-brazil-corn-soy-plantings-may-rise-oil-world-says.html
Acreage competition between corn and soybeans will probably intensify in Argentina as Chinese demand for both commodities increases, Oil World said today. Brazilian farmers may plant an additional 1 million acres with soybeans, the Hamburg-based researcher said.
“An Argentine trade delegation is currently negotiating several trade agreements with Chinese officials,” Oil World said. “In Brazil, corn plantings are likely to be expanded in the southern and some central parts, as farmers are responding to the improved profitability of corn production, mainly used domestically.”
Argentina is expected to produce 26 million tons of corn in the 2011-2012 marketing year, up 18 percent, and 53 million tons of soybeans, up 7 percent, the U.S. Department of Agriculture said in a report earlier this month. Corn exports will total 18 million tons, up from 14.5 million a year earlier, according to the report. Soybeans shipments will surge 33 percent, USDA data show.
Brazil will produce 55 million tons of corn, the same as the prior year, and 72.5 million tons of soybeans, also on par with 2010-2011, USDA data show. Soybeans shipments will gain 10 percent, USDA data show. Exporters will ship 8 million tons of corn, down from 8.5 million a year earlier, according to the report.
Chinese Imports
China may import 56.5 million tons of soybeans, up 8.7 percent from the prior year, and 2 million tons of corn, up from 1.5 million a year earlier, according to the USDA.
China will have to import more corn next year to feed animals and for industrial purposes, benefiting producers and exporters in Argentina, the researcher said.
“It is expected that Argentina will benefit considerably from rising Chinese corn import requirements in the years ahead,” Oil World said. “This is likely to improve the attractiveness of corn growing and thus implies increased acreage competition for soybeans in Argentina.”
In Brazil, growers in the northern states of Maranhao, Bahia, Tocantins and Piaui, and in northern Mato Grosso will increase soybean planting, according to the report.
http://www.bloomberg.com/news/2011-07-26/argentina-brazil-corn-soy-plantings-may-rise-oil-world-says.html
Posted by Colvin & Co. at 7/27/2011 5:24 AM 
Categories: Farmland
Tags: china commodities corn soybeans USDA Argentina ethanol Brazil
Categories: Farmland
Tags: china commodities corn soybeans USDA Argentina ethanol Brazil
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