Argentina: Grain and Feed Annual
For marketing year 2018/19, Argentine wheat production is forecast at a historic high of 20 million tons driving record exports of 14.2 million tons. Barley production is forecast to rise to 3.5 million tons with corn production forecast up to 40 million tons, 9 million tons higher than Post’s projection for the MY 2017/18 drought-affected harvest, which could lift exports to a record 27 million tons. Corn domestic consumption is expected to continue its increasing trend, totaling 13 million tons. Sorghum estimates remain practically unchanged for MY 2018/19. Tight water resources drop planted area for rice projections in MY2018/19. Grain consumption for animal feed (wheat, barley and corn) is expected to be up due to lower feed reserves after drought conditions.
