2022/23 Argentina Corn 12.7% Harvested as of Late Last Week

Late season rains have helped some of the later maturing corn, but they came too late for the earlier maturing corn. Even though the corn yields are very disappointing, the corn appears to be outperforming the soybeans somewhat in Argentina.

Argentine farmers had harvested 12.7% of their corn as of late last week, which represented an advance of 2.3% for the week. In the core areas, the corn is 35-50% harvested with approximately 10% harvested in southern Argentina and 0% harvested in far northern Argentina.

The average yield thus far is 3,900 kg/ha (62.0 bu/ac), which is up 0.2 bu/ac from the prior week. Yields are highly variable even within a province. In western Buenos Aires, some corn yields are as high as 7,000 kg/ha (111 bu/ac), while in northern Buenos Aires, some yields are as low as 2,000 kg/ha (32 bu/ac).

The corn was rated 53% poor/very poor, 41% fair, and 6% good/excellent as of late last week. The good/excellent percentage was down 1% compared to the prior week. The soil moisture for the corn was rated 46% short/very short and 54% favorable/optimum. The favorable/optimum percentage was down 1% compared to the prior week.

WASDE, Buenos Aires Grain Exchange, Rosario Exchange – In the latest WASDE Report, the USDA lowered the 2022/23 Argentina corn estimate 3.0 million tons to 37.0 million. The Buenos Aires Grain Exchange left their corn estimate unchanged at 36.0 million. The Rosario Exchange lowered their corn estimate 3.0 million tons to 32.0 million.

Below is the corn condition rating in Argentina from the Buenos Aires Grain Exchange for April 13, 2023.

2022/23 Argentina Corn Ratings*

*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages

Tags: yields, Argentina, harvest, corn, estimate