Argentina: Grain and Feed Update
For marketing year (MY) 2019/20, Post wheat production is forecast higher than USDA at a record 20.8 million tons on larger planted area than USDA lifting exports to a record 14.3 million tons. Barley production, projected at 3.76 million tons falls below USDA on Post’s reduced planting area with exports 200,000 tons lower than USDA at 2.5 million ton. Post’s corn production estimate nearly matches USDA’s. Post’s sorghum production is forecast just below USDA at 2.3 million tons on lower average yields but growing trade with China lifts exports 300,000 tons above USDA to 400,000 tons. Rice exports are estimated higher than USDA at roughly 375,000 tons.
