June 30, 2008


Argentina's dry weather to limit wheat production


Continued dry weather in the northern parts of Argentina will prevent farmers from planting all the area intended for wheat and limit production, the Buenos Aires Cereals Exchange said in its weekly crop report Friday (Jun 30, 2008).


The continued drought will increase the likelihood of greater reductions in planting area than was initially calculated, the exchange said.


The exchange said that a reduction of its forecast of 4.8 million hectares going to wheat this season was likely.


Farmers planted 5.5 million hectares with wheat last season, according to the Exchange.


While rainfall last week in the southern and central areas of the farm belt improved conditions in Cordoba, Santa Fe, Entre Rios and other northern provinces, conditions remain dry, according to the exchange.


As of June 27, farmers had planted 37 percent of the area seen going to wheat this season, 18.4 percentage points behind the planting pace at this time last season, according to the exchange.




The corn crop is 92.8 percent harvested, 1.2 percentage points behind the harvest pace last season.


Final yields are expected to reach 6.8 tonnes per hectare with total production of 21 million tonnes, the Exchange said.




The 2007-08 soy harvest is complete, with production estimated by the Exchange at a record 48 million tonnes.

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