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Argentine Wheat Numbers for MY 2014/2015 Practically Unchanged

07 August 2014
USDA Foreign Agricultural Service

ARGENTINA - Wheat numbers in 2014/15 stay practically unchanged, with planted area at 4.2 million hectares and production at 12.5 million tons.

Exports continue to be projected at 6.5 million tons. Wheat exports for 2013/14 are forecast up at 2.5 million tons (including exports of wheat flour and mixes), 500,000 tons higher than USDA.

Barley area and production for 2014/15 are down, at 900,000 hectares and 3.1 million tons respectively, resulting in a reduction of 750,000 tons from USDA’s number.

Saturated soils in the central and southeastern part of Buenos Aires province are expected to reduce final planting intentions.

Exports are adjusted downwards accordingly. Corn area for 2014/15 is down 350,000 hectares and production 2.5 million tons from USDA official number.

The recent significant drop in world corn prices impact negatively future returns, making farmers analyze very closely its profitability.

A shift of some corn area to the least costly soybean production is projected. With a smaller output, corn exports are expected to drop one million tons at 15 million tons.

Sorghum area and production in 2014/15 are also expected to drop. Production is forecast at 4.1 million tons, 700,000 tons lower than USDA.

This is expected to affect exports accordingly. Rice numbers for 2014/15 are forecast to remain quite similar to USDA.

Further Reading

You can view the USDA GAIN: Argentina Grain and Feed Update July 2014 report by clicking here.

TheCropSite News Desk

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