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
Ahlers – Logistics Partner of 4S BUSINESS SUMMIT
Nigeria to import 5.6 mln tons of wheat in 2026/27 season
Russia has yet to agree to any of the proposed options for a new grain deal — Zele...
India’s soybean production to decline by 2% despite expanded acreage
Brazil increases corn exports, adding pressure on global prices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon