In a week with a strong progress of the harvest and improves in the weather, Truck revenues to the ports of Gran Rosario marked a new record So far this year, with 6200 units registered in the early hours of today. The figure is expected to continue. Production soy sales also showed a strong rebound: 46,000 tons passed on Monday, April 14 to more than 230,000 this Monday and exceeded 200,000 on Tuesday. While the good climate allowed the harvesters to access the lots, the analysts stressed that The new exchange stage did not stop commercial decisionsas feared after the ads about the end of Blend dollar and the exchange rate flotation. That is, there was a good level of marketing although the currency did not have the bullish tour that some experts expected.
Despite the rebound, Sales still do not reach the usual average for this time of yearpartly for the delay of the harvest, which began almost a month later than usual. From the sector they explained that The producer faces financial commitments that push him to sellalthough many choose to advance with caution for low prices and uncertainty in the exchange market.
“On Friday 11, when the new measures were announced – the flotation, the end of the Blend dollar, the partial departure of the stocks -, the doubt that had been raised was what was going to happen with primary soybeans once the dollar began to fall because we ended with a cheaper soybeans than before the advertisements”he explained Javier Preciado Patiño, Ria Consultants Analyst.
However, the producer began selling. “Sales went from 46,000 to 232,000 tons in a week,” he said. Was The fourth day of greatest volume since the year started. He explained that the impulse came for the return of good weather, but also because of the need for liquidity: “The producer needs to make cash to pay debts and other financial obligations. And he also has the possibility of staying in dollars.” Some, meanwhile, prefer to maintain their weights and wait a more convenient exchange rate. “They can Stay in pesos, betting that the dollar is not going to move. Operate in pesos and for August or September buy more dollars than you could today. Although it seems to me that the latter will not be the most common ”held.
Beyond the physical sale of grain, another fact that confirms the trend is the growth of operations in the futures market. As detailed by the analyst, the volume of soy contracts for May almost doubled since the new measures were announced: “April 11 did not reach 80,000 tons covered in the futures market and yesterday [por el martes] You ended with almost 180,000. I mean, you won 100,000 tons. ”
Even so, from the sector warned that Sales are still below the usual average for this time of year. Dante Romano, From the Center for Agribusiness of the Universidad Austral, he explained that the normal thing in April is to operate between 300,000 and 400,000 tons per day. “Today we are seeing 150,000,” he said. The delay of the harvest – which started almost a month later than the usual – explains part of the delay.
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The expectation is that The sale will continue, even with low prices and a weak dollarbecause producer’s financial commitments do not expect. But also influences the risk of exchange rate. “Between you sell, charge and you use those pesos to pay a debt in dollars, five or ten business days can pass. If the dollar moves a lot in that period, you can end up losing,” Romano explained.
The rebound in the harvest also recharged the logistics system. Fernando Turín, President of AgroentregasHe confirmed that this Wednesday there was a new record: “We had 6200 trucks, exceeding the previous March record, when we had reached 6077.”
“The weather is accompanying. There are some isolated chaparrons in certain places, but I don’t think they cut the harvest. So well, they continue to move forward. Soy is what could be harmed the most in case the rains continue”Turin explained in dialogue with The nation.
The strong logistics rebound occurred in a matter of days. “On Monday it was a little lower, because we were coming from a long weekend. There were about 3800 trucks, but also, to be Monday and after a long holiday, it was already expected that it was going to grow fast. From those 3800 on Monday, today we are at 6100 or 6200,” he explained.
In this context, producers and operators agreed that it is difficult to get trucks. “There is a merchandise oversupply to move, so it is pleased to get trucks”explained Turin.
In that sense, he clarified that the problem is also aggravated because “The usual dynamic is that the trucks collect the batch harvest, transfer it to a shed and, later, take it to the port“.
This year, The overlap between soybeans and corn first recharged the system. As explained, First corn did not give it completely to port, as is usually done, due to the rains of previous weeks. This caused a bottleneck: The soy began to harvest before corn was finished dispatching, and that reduced the space available in collections and cooperativeswhich is normally released to store the oilseed.
“As there was no time to get all the corn, it was prioritized to send it to port to leave room for soy explained from the sector
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