ARGENTINA - Harvesting of the 2014 maize crop is virtually concluded, early estimates point to a higher than expected crop due to higher yields as a result of favourable weather during the season.
Maize production is estimated at 30 million tonnes or 3 percent up from the good 2013 level and well above the five-year average.
Wheat production, to be harvested from November, is forecast to reach 11.5 million tonnes on a strong recovery in area planted due to high domestic prices.
In aggregate cereal production for 2014 is expected at a record level of about 52 million tonnes.
Planting of the 2015 maize crop will begin in late September. Early forecasts point to a 10 percent reduction in the area planted.
The drop in planting intentions mainly reflects low international maize prices, as the country normally exports half of its annual production.
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TheCropSite News Desk