ARGENTINA INVESTING IN NEW GRAIN PORT
The Argentine government said it plans to invest approximately $550 million to build a new grain port in the Rosario region. The region is considered a vital agricultural center for Argentina, accounting for more than 80% of the country’s agricultural and agro-industrial exports. Construction on the new port began in March, and the port will be located in Timbues, on the Parana River. Bunge, Cargill and Louis Dreyfus are among the companies that operate grain handling facilities along the Rosario port network.
(Link: WorldGrain)
FARMERS DOUBLE CORN PLANTING PROGRESS FOR SECOND CONSECUTIVE WEEK, SAYS USDA
USDA says as of April 21, 12% of the 2024 corn crop has been planted in the top 18 corn-growing states. This is up from 6% the week prior and ahead of the five-year average of 10%. According to the report, planting has begun in all but three of the top 18 growing states. Corn has started emerging in seven states. Three percent of the crop is out of the ground. With progress at 8%, USDA says soybean planting is underway in all but three of the top 18 growing states. This is up from 3% the week prior and ahead of the five-year average of 4%.
USDA says across all nine of the top oat-growing states, 51% of the crop has been planted, up from 43% the week prior. Thirty-five percent of the crop has emerged, up from 30% the week prior and ahead of the five-year average of 28%. Winter wheat has headed in eight of the top 18 growing states. This represents 17% of the crop, up from 11% the week prior and ahead of the five-year average of 13%. USDA says spring wheat planting progress in the top six growing states is at 15%, up from 7% the week prior and ahead of the five-year average of 10%.
(Link: SuccessfulFarming)
