Argentina: Grain and Feed Update

Wheat production in marketing year (MY) 2024/25 is estimated at 18.1 tons, higher on a larger area. Exports remain unchanged, with Brazil expected to be quite active. Barley production and exports in MY 2024/25 are expected to remain unchanged from the previous update. Corn production in MY 2024/25 is estimated at 49 million tons, although the current dry spell and high temperatures suffered in practically the whole country could hurt potential yields unless widespread rains are present soon. Smaller production would have a direct impact on exports, estimated at 34 million, practically unchanged from the previous year. Sorghum production in MY 2024/25 is estimated at 3.8 million tons, with exports at 1.5 million tons. While China has imported little Argentine sorghum year to date, it normally imports the bulk of it in the second half of the marketing year. Rice production in MY 2024/25 is now estimated up at 1.5 million tons rough base as good weather so far.