Argentina: Grain and Feed Update
Argentine wheat production for 2016/17 is projected at 13.7 million metric tons (MMT), 1.3 MMT lower than USDA. This is a direct consequence of a lower harvested area due to weather problems. Exports are adjusted down accordingly. Barley production for 2016/17 is forecast at 3.0 MMT, 400,000 tons lower than USDA, also as a result of weather limitations. Corn projections for 2016/17 remain practically unchanged, except that Post projects a larger harvested area but a lower average yield than USDA. Sorghum production for 2016/17 is forecast at 3.4 MMT, 500,000 tons lower than USDA as Post projects a smaller harvested area. Sorghum will face a lot of competition from other crops and the export demand is expected to remain slow. Rice production and harvested area for 2016/17 are expected to be slightly smaller than what USDA forecasts.
