Wheat production in Argentina in the 2023/2024 marketing year is estimated at 15.4 million tons

Published 2024년 2월 5일

Tridge summary

Argentina's wheat and corn production for the 2023/2024 marketing year is projected to surpass official USDA figures, with wheat estimated at 15.4 million tons and corn at 57 million tons, due to increased late-stage yields and larger planted areas. However, sorghum exports are expected to fall short of USDA estimates, and rice production is also predicted to be significantly lower due to reduced planted areas and yields, further impacted by El Niño weather conditions.

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

Original content

Argentina's wheat production for the 2023/2024 marketing year (MY) is estimated at 15.4 million tons, 400,000 tons higher than the official USDA figure, as late-stage yields were higher than previously expected. Corn production in MY 2023/2024 is projected at 57 million tons, 2 million tons above the official USDA figure, primarily from a larger planted area. The condition of the crop today is very good, and the weather forecast for the coming months is favorable, oilworld.ru reports with reference to the USDA. Sorghum production in MY 2023/2024 will remain the same as USDA, but exports are forecast at 900,000 tons, 400,000 tons below the official USDA figure. The final volume will depend significantly on demand from China. Rice production in MY 2023/2024 is projected at 1.1 million tons of ...

Source: Oilworld