Uruguay: Grain and Feed Annual

Uruguay’s corn production is forecast to reach a record 1.8 million tons, as favorable margins and low pest impact encourage a return to planting. Wheat exports are projected down to 750,000 tons due to reduced area and competition from more profitable crops. Sorghum area and output are expected to fall, with most production absorbed domestically. Rice production is forecast to decline 5 percent on weaker returns, though exports are anticipated to remain flat as mills manage stocks amid ample Mercosur supply.