Uruguay: Grain and Feed Annual

Wheat production in marketing year (MY) 2023-2024 is forecast to remain flat at 1.2 million metric tons. Production will remain flat despite a larger harvested area as Post projects a return to trend from high yields in the previous season. Exports are also projected to remain unchanged at 750,000 tons. Corn production for MY 2023-2024 is forecast to rebound by more than 300 percent to 980,000 metric tons on a larger planted area and an anticipated return to normal weather conditions following the historic drought in the MY 2022-2023 season. As a consequence, corn imports are expected to drop significantly. Rice acreage, production and exports in MY 2023-2024 are forecast to remain practically unchanged from the previous season.