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Post increases marketing year (MY) 2024/2025 soybean production to reach 52 million metric tons (MMT), up 1 MMT higher than USDA official and Post’s previous estimate on 17.2 million hectares (MHA) harvested as producers shift to more soy away from corn over fears of the impact of corn stunt (leafhopper/Chicharrita) in corn, continued low prices, and expected dry conditions.
Argentine wheat production in marketing year (MY) 2024/2025 is estimated at 18 million tons (MMT) with exports (including wheat flour in its wheat equivalent) at 12 million tons, slightly above USDA official.
Post projects 2025 Argentine chicken meat production to rise to 2.55 million metric tons (MMT), while exports are projected at 180,000 metric tons as the Chinese market remains closed to Argentine exports.
Post revises down 2016 Argentine milk output to 10.39 million tons (equivalent to 10.094 million liters) as result of severe weather damage, an increase in production costs, and low farm gate prices.
Argentine sugar production for marketing year 2016/17 is projected at 2.1 million tons (raw basis), similar to the previous two crop seasons.