Argentina: Following the water recovery, there is feverish activity in soybean planting

According to the monthly report of the Rosario Stock Exchange (BCR), the estimate for Argentine wheat is down 700 thousand tons compared to October. The water recovery came late for a good part of the Pampas region. The same for corn, which is declining in area, and the intention to plant soybeans is increasing. Wheat: despite the drought, the fourth best harvest in the last 15 years is expected. The wheat volume falls 700,000 tons from October to November. With an estimated volume of 18.8 Mt, production would be above the last cycle (14.5 Mt) by 4.3 Mt. Last year, the lack of water together with frost affected yields and only 5.5 M ha had been planted compared to 6.71 this year. The rains arrived too late for the north of the country, where further adjustments are not ruled out. But in the centre of the country they were key to stopping the deterioration and positive surprises for the harvesters are not ruled out, although a great variability of results is expected. For a large ...