In Argentina, the Buenos Aires Stock Exchange continues to indicate poor corn conditions and is already considering new production reductions

Updated Mar 3, 2023
This Thursday (23), the Buenos Aires Grain Exchange (BCBA) updated its reports on the 2022/23 corn crop in Argentina, pointing out that the early corn harvest continues to advance in the center of the agricultural area. “The greatest advances were registered in the Center-East of Entre Ríos, both in the centers and in the Center-North of Santa Fe. The absence of rains combined with the high temperatures registered in critical phases for the definition of yields in early corn crops generated significant losses with reported yields below initial expectations”, says the BCBA. Faced with this reality, technicians at the Exchange are already considering reducing again the estimate of corn production in Argentina from the current 41 million tons, after removing the initial projection of 52 million.
“The first lots harvested continue to show losses as a result of the lack of humidity and high temperatures on the eastern edge of the planted area, while most of the crops were defining yields”. The BCBA currently rates Argentina's corn crops with 6% as good or excellent, 38% as fair and 56% as fair or poor. In addition, 37% of the area has adequate or excellent water conditions and 63% regular or dry. Last week, those ratings were 9% good ...
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