February 7th 2024
USDA Export forecast for Argentina
National Holiday: Monday and Tuesday February 12th and 13th, 2024 (Carnival)
Grains and Markets:
Colombians are in the market for a Supramax of soya bean meal on April dates, so is Chile, same volume and same dates.
Iran´s SLAL are still looking to purchase their 120,000 tons of soya bean meal for March-April.
Unconfirmed rumors of Argentina importing 3 times 30,000 tons of Brazil soya beans spot and March dates, Brazil/Upriver.
Egypt is reported to be wanting a Panamax of maize during May.
Nigeria are in the market for a Supramax of whet during May.
USDA Export forecast for Argentina:
The USDA has estimated Argentina’s maize harvest at 57,000,000 tons for the coming 2023-2024 harvest. This is up from the previous 2022-2023 harvest which produced 35,000,000 tons.
Exports of maize are forecast at 41,000,000 tons.
The forecast for the wheat harvest, also from USDA, is placed at 10,200,000 tons.
Necochea – Dredging:
Maintenace dredging at Necochea is due to start tomorrow February 07th.
This means that some berths may be closed for 24-48 hours while the dredger is alongside.
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.
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