South America

Argentina strike idles $500 million in grains dockside

Up to 85 cargo ships sat idle along Argentina's waterways on Tuesday and more than $500 million in soy and other grains piled up dockside as port managers refused the demands of workers striking for a 12th day running. FULL STORY »

Costs multiply in Argentine port strike-grains exchange

An 11-day-old Argentine port workers' strike has halted key grains exports and could soon start affecting other commodities shipments around the world, the Rosario grains exchange said on Monday. FULL STORY »

Drought hits South America soy crop harder than expected

South America's drought withered Brazil's big soybean crop by 9 percent in the past three months, and the crop in Argentina by 11 percent, the U.S. government said Friday, more than traders had expected. FULL STORY »

Argentina farm forecast seen rosier next season

After back-to-back droughts, Argentine growers could have a record harvest of soybeans and corn next season as the La Niña weather phenomenon makes way for El Niño, one of the country's best-known forecasters said on Friday. FULL STORY »

Argentine corn crop seen smaller due to drought

Weeks of drought in Argentina caused irreversible damage to corn plants in the world's No. 2 exporter, prompting the Buenos Aires Grains Exchange to cut its 2011/12 crop estimate on Thursday. FULL STORY »

Rains this week may stanch Argentine soy losses

Rains this week in Argentina may stanch soy losses after a drought chopped yields by an estimated 20 percent and took as much as 30 percent off the corn crop in the global food supplier, forecasters said on Tuesday. FULL STORY »

China eyes U.S. soy as drought shrivels South American crop

China, the world's biggest food shopper, is likely to buy more U.S. soybeans this quarter, as a withering drought is expected to cut the South American harvest, pushing soy prices up to fresh highs. FULL STORY »

Drought reduces Argentina’s corn crop

Argentina began the year with generally favorable growing conditions, but heat and dryness during December and early January has severely reduced production potential. FULL STORY »

Argentine soy, corn crops seen shrinking this year

Argentina's soy and corn harvests will be smaller this season than in the previous crop year, the Buenos Aires Grains Exchange said on Thursday, underlining concerns that recent dry weather might crimp world food supplies. FULL STORY »

Drought drags down Brazil soy crop estimate

Brazil's second-biggest soy state lowered its crop estimate for 2011/2012 on Thursday, providing more early signs of the impact of drought on the world's No. 2 soy-producing country. FULL STORY »

Drought-hit Argentine crops refreshed by downpours

Argentine corn and soy benefited from soaking rains that were expected to continue in the weeks ahead, reviving hope that farmers can salvage some crops parched by weeks of hot and dry weather. FULL STORY »

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