Argentina: Grain and Feed Update
Argentine wheat production for the 2017/18 season is forecast at 16.65 million tons, 850,000 tons lower than USDA as Post estimates a smaller production area. This will lower exportable supplies. Post estimates barley area at 750,000 hectares, slightly lower than USDA, and production at 2.8 million tons, 200,000 tons lower than USDA. Post forecasts corn production for 2017/18 at 40.5 million tons, slightly higher than USDA because of a larger production area. Corn is currently the most profitable crop for many producers. Exports are expected at 29.5 million tons, one million tons higher than USDA. Sorghum exports for 2017/18 and 2016/17 seasons are expected to be small. Rice acreage in 2017/18 is forecast at 190,000 hectares, 10,000 hectares lower than USDA. This will lower production and exports for rice.
