Record for advance purchases of corn: 13 million tons

Anticipated purchases of corn from the new campaign reached almost 13 million tons and exceeded three times the average acquisition on the same date of the last three cycles, the Rosario Stock Exchange (BCR) reported. Also, 2019/20 soy purchases were at their highest point in 7 years, with 8 million tons already acquired by factories and exporters. As for the cereal, the purchases to date “are showing an unusual dynamic for this time of the year”, with 12.6 million tons already acquired from a campaign which still remains to sow more than half of the estimated , so it is months away from being harvested.

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Source: Super Campo

Categories: Macroeconomy/Finance