Once again we must light a candle for the farmland and keep it burning

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Once again we must light a candle for the farmland and keep it burning

Second week
January 2019

The United States Department of Agriculture (USDA) published its latest supply and demand estimation for agricultural products: the numbers for Argentina in 2019 smile at us, as long as the weather is still on our side. It is important that the current humidity conditions do not turn into a water excess in the following weeks. Let us cross our fingers. If these numbers were to be confirmed, in the y/y comparison the farmers will contribute up to USD 5.1 billion extra in terms of supply in the FX market and ARS 88.0 billion extra in terms of public revenues.