Argentina: Grain and Feed Update

Argentine wheat production in marketing year (MY) 2024/2025 is forecast up at 18.6 million tons, 600,000 tons higher than USDA’s official estimates as a result of higher planted area. Exports in the same period are projected up at 12.4 million tons (including flour in its wheat equivalent), almost 8 percent higher than USDA official estimates. Barley production in MY 2024/2025 is forecast up marginally, while exports could drop slightly as ending stocks increase somewhat. Corn production in MY 2024/2025 is projected at 49 million tons, 2 million tons lower than USDA estimates due to smaller planted acreage. Exports remain practically unchanged at 35.5 million tons. Sorghum production in MY 2024/2025 is projected at 3.8 million tons, 26 percent higher than USDA due to a larger planted area while sorghum exports remain unchanged. Rice production in MY 2024/2025 is forecast up at 930,000 tons, milled base also due to additional planted area.