Argentina’s corn and sunflower production projections lowered
Maize (Corn)
Published Mar 28, 2024
Tridge summary
The Buenos Aires Grains Exchange has revised its projections for Argentina's 2023/24 corn and sunflower crops downwards due to adverse weather conditions, including a February heat wave and recent heavy rains. Corn production is now expected to be 54 million tonnes, a reduction of 2.5 million tonnes, with a mere 3.7% of the harvest completed so far. Sunflower output is forecasted at 3.6 million tonnes, 200,000 tonnes less than previously estimated and 1 million tonnes below the previous year's harvest. Despite these challenges, the soybean production estimate remains unchanged at 52.5 million tonnes, although high temperatures and dry conditions could impact yields. The report highlights the variability of conditions across different regions, with some facing dryness and others dealing with excessive moisture.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Argentina’s corn and sunflower crop projections were revised lower in the week ending Wednesday March 20 after a week with abundant rainfall in much of the center and south of the country, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday March 21. The corn harvest advanced only by 0.5 percentage points to 3.7% of the projected 7.2 million hectares. Due to the heat wave in February, Bage’s updated production projection is set to 54 million tonnes, down by 2.5 million tonnes compared with the previous one. Crops rated in good-to-excellent conditions declined by one percentage point in the week to 24% of the total planted area, while areas considered bad rose by four percentage points to 21%. Areas rated as dry were 21% of the total, down by two percentage points from the previous week, while areas with excessive moisture totaled 2%, adding one percentage point. Sunflower harvest moved up by 16.4 percentage points week on week to 59.2% ...
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