Argentina: Grain and Feed Update

Wheat production in marketing year (MY) 2021/2022 is estimated at a record 21.8 million tons, 1.3 million tons higher than the official USDA number. In consequence, exports are increased to 15.2 million tons (including flour in its wheat equivalent). Barley production in MY 2021/2022 is increased to 5.05 million tons, 250,000 tons higher than the official USDA number. Corn production in MY 2021-2022 is forecast at 51 million tons, 3 million lower than the official USDA number due to dry conditions. Exports are reduced accordingly. Sorghum production is also reduced because of drought, but exports are forecast up at 2.6 million tons, 300,000 tons higher than the official USDA number. Rice exports in MY 2021/2022 are forecast at 390,000 tons (milled basis), 40,000 tons higher than USDA.