Argentina’s wheat area cut even as rains improve crop conditions

Argentina’s Wheat Area Cut Even as Rains Improve Crop Conditions
By Keira Wright
Jul 13, 2023, 2:27 AM - Updated on Jul 13, 2023, 2:27 AM
Word Count: 120

Wheat plantings in Argentina will cover an area of 5.4 million hectares, 200,000 hectares less than estimated in June, with production now seen at 15.6 million tons, according to the Rosario Board of Trade.

– Recent rains boost planting in areas of La Pampa and Buenos Aires and improve crop conditions
– Almost 80 percent of the wheat crop has been planted
– Planted wheat area still expected to be lowest in eight years because of lack of rain earlier
– Corn production seen at 32 million tons, 40 percent less than earlier expectations
– Forty percent of the corn still to be harvested, with progress slow because of high moisture
– Soybean production estimate cut yet again to 20 million tons from 20.5 million tons seen in June