Argentine Wheat Area Lowered Again - Exchange

The Buenos Aires Cereals Exchange lowered it's estimate of the total wheat planted area for the 2009/10 crop once again Wednesday, this time cutting it to 2.8 million hectares.

So far only 1.37 million hectares have been planted it said, leaving farmers needing to double their plantings to meet that target with only four weeks left to go of the normal planting season which began at the beginning of May.

That looks like a pretty tall order.

When you consider that they only got 2 MT/ha last year, even if they do manage to get it all in the ground then a crop of only 6 MMT, maybe less, looks likely unless rains arrive.

The soybean harvest is now complete and will total just 32 MMT the Exchange said, that's a far cry from early season expectations of a crop of 50 MMT.