USDA Attaché Lowers Argy Wheat And Corn Crop Estimates
The USDA attaché in Argentina has lowered his estimates for the current wheat and corn crop due to drought.
The wheat crop is now estimated at 9.5mmt, and the corn crop at 16.5mmt.
Wheat exports for the coming season are now expected to fall to 4.2mmt and corn exports to 9mmt.
Around 92% of the current wheat crop is harvested, yielding an average of just 2.3mt/hectare, around a third of what we would expect to get in Europe.
The wheat crop is now estimated at 9.5mmt, and the corn crop at 16.5mmt.
Wheat exports for the coming season are now expected to fall to 4.2mmt and corn exports to 9mmt.
Around 92% of the current wheat crop is harvested, yielding an average of just 2.3mt/hectare, around a third of what we would expect to get in Europe.