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
Spring planting in Russia starts at worst pace in many years
Soybean prices in Ukraine continue to rise, but export demand is declining
US pressures Lithuania to resume transit of Belarusian fertilizers
Turkey to increase imports of Kazakh grain
Poland assessed how increased rapeseed processing in Ukraine will affect its market
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon