Rosario Grain Exchange expects crops harvest in Argentina

Published 2023년 3월 24일

Tridge summary

Argentina's corn and soybean production is projected to experience a significant decrease in the 2022/23 marketing year, with corn production expected to drop to 35 million tons from 6.1 million hectares, down from 51.1 million tons the previous season. Soybean production, on the other hand, is expected to decrease to 27 million tons from 13.3 million hectares, down from 42.2 million tons the previous season. Despite the decrease in production, corn consumption is expected to rise to 15.3 million tons, while exports are predicted to fall to 24 million tons. Soybean consumption is expected to rise to 35.4 million tons, but exports are predicted to fall to 2.8 million tons. Ending stocks for both corn and soybeans are expected to increase, with corn ending stocks projected at 2.1 million tons and soybean ending stocks projected at 1.9 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Rosario Grain Exchange (RGE) analysts, corn production in Argentina in 2022/23 MY will amount to 35 million tons from an area of 6.1 million hectares, while in the previous season the country harvested 51.1 million tons of grain (from 7.4 million ha). The volume of grain consumption is expected to increase to 15.3 million tons (+1.8 million tons per year) this season, while its exports will decrease to 24 (-10.5) million tons. Argentine corn ending stocks are projected at 2.1 million tons (up from 6.4 million tons in the previous season). The soybean harvest in the country in 2022/23 MY is expected to be 27 million tons, which is planned to be harvested from 13.3 million hectares (previously - 42.2 million tons from 15.2 million hectares). Against the backdrop of a reduction in production, Argentina's soybean imports are expected to increase to 7.9 (4.6) ...

Source: Zol