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Grain supply side macroeconomics are shifting
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The Cattle Site
Grain supply side macroeconomics are shiftingGrain supply side macroeconomics are shiftingBrian Burke, president of John Stewart & Associates, spoke to attendees at the Annual Four Star Pork Industry Conference held in Muncie, Indiana in September 2024.
Burke said production trends show 78% more corn production in Argentina, noting their yield curve is not as high as the US.
We have nothing like that in the US – we have two grain export terminals that can load two vessels at a time out of New Orleans.
“Their expansion is dramatic and their ability to supply the world in the whole grain market is increasing,” he said.
Their corn crop becomes a bonus crop, similar to a second crop of soybeans that follows a soft winter wheat crop in the US.
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