(Adds weekly report from Buenos Aires Grains Exchange)
BUENOS AIRES, April 22 (Reuters) - Argentina s 2020/21 corn production will hit 50 million tonnes, up from 48.5 million tonnes previously forecast, due to a higher planting area and good yields in Cordoba province, the Rosario grains exchange said in a report here late on Wednesday.
Its soy crop forecast was unchanged at 45 million tonnes.
Argentina is the world’s No. 3 corn exporter. Corn sowing in the country starts in September and the harvest ends in July.
Cordoba province “will have a record harvest. This will be fundamental to sustaining national corn production since it will contribute 42% of total volume,” the exchange said.
Publishing date: May 06, 2021 • May 6, 2021 • 2 minute read •
Article content
BUENOS AIRES Argentine soy and corn harvesting is being driven by ideal weather conditions but the lack of rain that is helping farmers bring in crops is also contributing to the shallowness of the Parana River, which has begun to dent agricultural exports.
Lack of navigability on the river, which carries about 80% of Argentine grain exports, is “an underestimated problem” for exporters, German Heinzenknecht, a meteorologist at consultancy Applied Climatology, said on Thursday.
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Argentina’s upcoming 2021/22 wheat crop seen at 19 mln tonnes – exchange
Argentina’s 2021/22 wheat crop is expected at 19 million tonnes, equal to the country’s record-setting harvest in the 2018/19 season, the Buenos Aires Grains Exchange said in a preliminary forecast on Tuesday.
Sowing of wheat in Argentina will start over the weeks ahead, with harvesting usually ending in January. Last season’s wheat crop was 17 million tonnes. The country is a major wheat exporter, with most shipments destined for neighboring Brazil.
“Wheat should maintain its planting area and aims to match the production record achieved during the 2018/19 cycle,” the exchange said in a tweet.
5/4/2021 Chicago corn futures near $7/bushel, trade near 8-year
high Wheat prices fall for 2 sessions in 3, soybeans edge
higher
(Adds quote in paragraph 3, updates prices)
By Naveen Thukral
SINGAPORE, May 5 (Reuters) - Chicago corn futures extended
gains on Wednesday to trade near a more than eight-year high hit
in the previous session, as concerns over global supplies and
strong demand underpinned prices.
Wheat slid while soybeans edged higher. The same story of tightening supply is driving the market,
said Tobin Gorey, director of agricultural strategy at
Commonwealth Bank of Australia. Forecasters are already making
hefty cuts to their estimates of Brazil s season 2020
Plus – the most updated weather forecasts from the U.S. and abroad
Corn up 3-7 cents
Wheat up 2-6 cents Prices as of 6:50 am CDT.
Editor’s Note: Our latest Feedback from the Field analysis is live! This week’s article features an exclusive look at corn planting progress on the Holland family dairy farm in northwestern Illinois as well as photographic evidence of my favorite nephew, Gus!
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Feedback from the Field series is an open-sourced platform for U.S. growers to share and investigate growing conditions across the country. Want to get in on the action?! Click here to take our ongoing farmer survey on crop progress at any point in the 2021 grain season. Our Google Map, updated daily, provides all past responses for farm readers.