Browse Data and Analysis

Post estimates Argentine wheat production to rebound to 19.5 million metric tons (MMT) in marketing year (MY) 2023/24, resulting in wheat exports of 13.7 MMT (including wheat flour as its wheat equivalent).

The area planted in sugar beets in MY 2023/24 is forecast marginally higher as some farmers will likely switch to growing beets in hopes of better returns. Despite this increase in acreage, beet sugar production is projected to remain flat year-to-year at 3 million metric tons because of drought conditions.

Post lowers its 2022/2023 estimate for Argentine soybean production to 23.9 million metric tons (MMT). This production estimate is the lowest in 24 year and the yield estimate is the lowest in almost 50 years. As a result of the drought, Post estimates that Argentina will need to import a record 11 MMT of soybeans to achieve a crush of 29.5 MMT.

In the past year, meat and milk prices have skyrocketed due to a variety of factors, among which are insufficient cattle inventories, high input costs, semi-effective government policies, and limitations on importing meat and live animals.

Turkey’s grain sector continues to grapple with different challenges, the most recent of which are earthquake and drought.