The Jury Is Out On Argy Wheat Plantings

31/05/11 -- Opinion is divided over Argentine wheat prospects for 2011/12 with planting now underway. The Ag Ministry there peg the wheat area for the coming season at 5 million hectares, a 6% increase on the 4.7 million sown in 2010.

The Buenos Aires Grain Exchange concur, pegging the planted area at 4.95 million. The Rosario Grain Exchange however say that wheat plantings will fall 10% on continued farmer dissatisfaction with government tinkerings with export quotas and taxes.