Meanwhile, the lack of sufficient moisture in the soil also complicates the progress of corn planting. Specifically, the incorporation of squares of corn destined for commercial grain has failed to gain momentum. While the last weeks of the early planting window in the center of the agricultural area are passing, the work maintains significant year-on-year delays that are located with a delay of 7 points compared to the previous year. The progress in the work registered is 14% of the sowing projection for the 2022/23 campaign of 7.7 million hectares. This area represents, in absolute numbers, 200,000 hectares less than those planted in the previous campaign, which was 7.7 million hectares.
Finally, the lack of rainfall also complicates a large part of the estimated 1.3 million hectares of barley for this campaign. While the crop is developing in the center of the agricultural area, significant yield losses and even an increase in the loss of harvestable area are expected. Under this scenariohe new estimate of national production falls to 5 million tons, some 400,000 tons below the campaign launch projection.
More soy
In parallel to the complicated situation that wheat, corn and barley are going through, a window of hope is opening for soybeans. It is that the hectares that could not be implanted with winter crops would give way to the oilseed and thus add more area in the campaign that is ready to begin in the coming weeks.
“The scenario surveyed by our network of collaborators reflects a positive trend as a result of: a greater availability of tables that could not be implanted with winter crops, the fall in the area destined for other crops that compete for the same surface (corn and sorghum graniferous), seed availability, lower increases in production costs and lower investment per hectare in relation to the rest of the crops. Against this background, a soybean area of 16.7 million hectares is projected for the 2022/23 campaign. This area represents a year-on-year growth of 2.5% (estimated area 2021/22: 16.3 million), the first area expansion since the 2015/16 campaign”, advance from the Cereal Exchange.
The key fact is that taking into account the aforementioned, the production projection for the 2022/23 campaign would amount to 48 million tons, a year-on-year increase of almost 11%, equivalent to 4.7 million tons compared to the previous cycle.
Source: Ambito
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