Argentina’s corn and sunflower production projections lowered

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% ...