May 24th 2024
Grains and Markets
Weekend duty staff:
(Friday May 24th, until Monday May 27th, 2024 0800 hrs.)
HQ Buenos Aires:
Gastón Nicolas Cabrera +54 9 11 5578 4559
Horacio Vázquez +54 9 11 5578 4554
Upriver:
Omar Mangiaterra +54 9 11 3156 1681
Lautaro Alvarez +54 9 11 6656 1678
Tomas H. Noguera +54 9 11 6434 1674
Walter Nestor Travaglini +54 9 11 3156 1680
National Holidays:
May 25th, 2024
Grains and Markets:
Thailand is in the market for a Supramax of soya beans in August.
Chileans are looking for a Supramax of soya bean meal spot (June).
Algerians are in the market for a Supramax/Panamax of soya bean meal during August.
South Korea’s KFA has purchased 60,000 tons of soya bean meal from Cofco. Mid-July to mid-August dates. Optional origins. Will advise when declared.
Soya bean and maize harvest under way:
Soya bean and maize harvesting remains underway with favorable dry weather conditions.
The Buenos Aires Grains Exchange has maintained it’s forecast for the total amounts of the harvest.
Soya beans are now 77 per cent lifted and the total is estimated at 50,500,000 tons. Most of the soya beans are retained locally for crushing at the Upriver plants and it is the exported as meal, oil, or biodiesel. Smaller amounts of beans are sold for export, principally to China.
Maize is now 22 per cent lifted and the total yield is expected to be 46,500,000 tons. This is a 9,500,000 ton increase on last year’s harvest which was strongly affected by the drought. Nevertheless, this year’s harvest has been reduced from the original forecast caused by a plague of the leafhopper plague (chicharrita in Spanish).
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Masters of the vessels involved.
Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.
For more information