Argentina: Grain and Feed Update

Wheat production in marketing year (MY) 2021-2022 is forecast at a record 20 million tons, and exports are projected at 13.5 million tons (including flour in its wheat equivalent), both unchanged from USDA’s official numbers. Barley production and exports in MY 2021-2022 also remain unchanged from USDA, at 4.8 million tons and 3.5 million tons respectively. Corn production for MY 2021-2022 is forecast at a record 54.5 million tons, 1.5 million tons higher than USDA, taking potential exports at 40 million tons, 2 million tons higher than USDA. Sorghum production in MY 2021-2022 is forecast at 3.5 million tons, 250,000 tons lower than USDA. Rice planted area, production and exports in MY 2021-2022 are all up compared to USDA projections.