Argentina is a major world exporter of wheat and last week the Stock Market estimated the cereal harvest at 16.5 million tons.
The rains recorded in the last week in the central agricultural zone of Argentina improved the wheat status of the 2023/24 cycle, although the west of the country continues to be affected by dry conditions that affect the development of the crop, the Buenos Aires Cereal Exchange (BdeC).
Argentina is a major world exporter of wheat and last week the Stock Market estimated the cereal harvest at 16.5 million tons.
“After the rainfall recorded last week, 23.7% of the wheat planted has a Good/Excellent crop condition (+5.7 percentage points vs. previous week),” the entity noted in its weekly crop report. .
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However, the BdeC He warned that in the regions that did not receive rain, the increase in temperatures due to the proximity of the beginning of spring and the lack of humidity “continues to affect the cereal and compromise yield potential.”
Corn forecasts
With respect to corn 2023/24whose production was estimated at 55 million tons, the Stock Exchange said that recent rainfall allowed the start of crop planting taskswith 2.2% of the planned 7.3 million hectares already implemented.
Argentina is the third world exporter of corn.
On Wednesday, the Rosario Stock Exchange calculated the wheat harvest 23/24 at 15 million tons and that of corn from the same cycle in 56 million.
Source: Ambito
