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
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon