2024/24 Argentina Corn Estimate Lowered 1.0 mt to 46.0 Million
Rainfall last week was focused on Cordoba, southern Santa Fe, Entre Rios, and northern Buenos Aires. Over the weekend, there was additional rainfall in north-central and eastern Argentina. Rainfall this week should favor northern locations with temperatures remaining above normal.
The corn estimate in Argentina was lowered 1.0 million tons this week to 46.0 million due to irregular rainfall, high temperatures and a big drop in the percentage of corn rated good/excellent, down 9% from the prior week.
Corn in Argentina was rated 33% poor/very poor, 51% fair, and 16% good/excellent as of late last week. The good/excellent percentage is down 9% from the prior week. Soil moisture for corn is rated 41% short/very short and 59% favorable/optimum. The favorable/optimum percentage is down 4% from the prior week. Below is the corn rating in Argentina for February 12, 2025 from the Buenos Aires Grain Exchange.
2024/25 Argentina Corn Ratings*
| Condition | Soil Moisture | |||
|---|---|---|---|---|
| Poor/V. Poor % | Good/Excellent % | Short/V Short | Favorable/Optimum | |
| Jan 8, 2025 | 9 (5) | 42 (36) | 23 (6) | 77 (93) |
| Jan 15, 2025 | 14 (13) | 39 (46) | 36 (5) | 64 (92) |
| Jan 22, 2025 | 20 (6) | 30 (40) | 41 (11) | 59 (87) |
| Jan 29, 2025 | 22 (11) | 28 (34) | 43 (29) | 57 (71) |
| Feb 5, 2025 | 26 (15) | 25 (31) | 37 (40) | 63 (60) |
| Feb 12, 2025 | 33 (17) | 16 (26) | 41 (26) | 59 (74) |
*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages
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