Argentina: Grain and Feed Annual
Argentine wheat production for crop 2015/16 is forecast down at 12 million tons due to a projected smaller planted area. The current policy limiting exports negatively impacts wheat prices and produces significant marketing problems. Barley production, which has no marketing restrictions, is projected up at 3.5 million tons. Corn production in marketing year 2015/16 is forecast to drop at 20 million tons. Under current policies and market conditions corn is the crop which demands the highest investment but provides the worst profitability. Sorghum production in 2015/16 is expected up at 4.5 million tons. Argentina is now eligible to export to China, bringing expectations of better prices. Rice production is forecast at 1.5 million tons (rough production), with a practically unchanged planted area.
