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Wheat production in marketing year (MY) 2021-2022 is forecast at a record 20 million tons, and exports are projected at 13.5 million tons (including flour in its wheat equivalent), both unchanged from USDA’s official numbers.
Post lowers its MY 2021/22 projected planted area for soybeans to 17.0 million hectares. This reduction of 500,000 hectares will translate to total projected production of 49.7 million metric tons, 2.3 million metric tons below the USDA Official estimate.
For 2017/18, drought impacts continue to impact oilseed commodities.
Argentina’s raisin production is forecast to remain stable at 41,000 metric tons in CY 2019 due to an expectation of favorable weather conditions.
Argentine fuel ethanol production and consumption are forecast to increase to a record 1.15 billion liters in 2018 as the local industry expands in order to fulfill the official quota....
Due to the government’s efforts to protect agricultural exports to China, over facilitating the entry of new technology, only two genetically engineered events (GE) received final approval in 2017....
Post forecasts wheat exports in MY2018/19 at 13.6 million tons, 600,000 tons lower than USDA, leading to greater stocks at 760,000 tons.