Argentine bourse cuts wheat crop estimate, soybeans unchanged

The Rosario Grain Exchange on Wednesday cut its 2024/25 wheat crop estimate by almost 5%, citing a lack of rain in key agricultural areas.
“Despite recent storms, heavy rains are not expected and the crop is in a critical period of growth, losing yield potential,” the exchange said in a report.
Wheat production is now estimated at 19.5 million tons, down from the previous estimate of 20.5 million tons.
The exchange maintained its estimates for the corn crop at 51-52 million tons and the soybean crop at 52-53 million tons.
Read also
BLACK SEA OIL TRADE: Straight Talk on the 2024/25 Season and 2025/26 Projections
US winter wheat harvest accelerates
USAID to cease providing foreign aid on July 1 — programs transferred to State Dep...
Wheat prices in Ukraine continue to rise, although stock exchange quotes fell by 3...
US may lift tariffs on products it cannot supply itself with
Write to us
Our manager will contact you soon