June 28, 2020

 

Argentina's dry weather puts wheat sowing estimate at risk

 

 

Dry weather conditions affecting various wheat growing regions in Argentina were putting its estimate for the planting of 6.7 million hectares of the cereal at further risk, the Buenos Aires grains exchange stated, Reuters reported.

 

The organisation's warning comes just a week after it previously cut its forecast for 2020/21 wheat planting by 100,000 hectares. Planting is 71.3% complete.

 

"The lack of rain affecting a large part of the western, northern and central (farming) areas, puts at risk the completion of work on the remaining area of ​​planting," the exchange said in a weekly report.

 

Regarding 2019/20 corn, the exchange said that conversely the dry climate was driving the harvest of the cereal, which is 78.3% complete and on track for production of 50 million tonnes.

 

Argentina is a major world supplier of wheat and the third largest global exporter of corn.