2024/25 Argentina Corn Estimate Unchanged at 46.0 Million Tons

Last week and over the weekend heavy rains were recorded across La Pampa, Buenos Aires and entre Rios. The weather remained mostly dry in central and northern Argentina. This week an upturn in rainfall is expected across much of Argentina with more rain forecasted for next week. If the rains verify, it will go a long way in stabilizing the crops and halting the declining crop condition ratings.

Early corn harvesting has started in Santa Fe and Entre Rios. The early planted corn was too far along in its development to benefit from recent rains. Corn planted in late October and early November was impacted the most by the hot and dry conditions that occurred during pollination. The later planted corn has benefited the most from the recent rainfall.

The corn condition in Argentina improved last week for the first time in about two months and recent rains should continue to benefit the crop. Therefore, the 2024/25 Argentina corn estimate was left unchanged this week at 46.0 million tons with a neutral bias going forward.

Corn in Argentina was rated 30% poor/very poor, 51% fair, and 19% good/excellent as of late last week. The good/excellent percentage was up 3% for the week. Last week was the first week the rating improved in about two months. Soil moisture for the corn is rated 36% short/very short and 64% favorable/optimum. The favorable/optimum percentage is up 5% from the prior week.

2024/25 Argentina Corn Ratings*

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

Tags: corn, crop, Argentina, estimate, rains