Argentina: Grain and Feed Update
Link to report:
MY2020/21 wheat production is forecast at 17.4 million tons, 8 percent lower than USDA due to weather losses, reducing exports to 11.2 million tons. Corn production in MY 2020/2021 is projected at 48 million tons, 2 million tons below USDA, on expected lower yields which decreases export forecasts to 33 million tons, the lowest since MY 2018/2019. Strong demand from China triggers an 8 percent increase in sorghum production in MY 2020/2021. Rice production in MY 2020/2021 is forecast down 5 percent as low water levels reduce planted area in a main production region.
