In Argentina, dry weather boosts wheat planting
BUENOS AIRES, June 6 (Reuters) – Argentina’s wheat planting for the 2024/25 season is 26% complete on 6.2 million hectares, thanks to dry weather, according to the Buenos Aires Grains Exchange. Wheat planting will conclude by August. The 2023/24 soybean harvest is nearly finished with better-than-expected yields. Corn harvest is 35.1% complete, with production at 46.5 million tons. Argentina is a top exporter of soybean oil, meal, and corn.
BUENOS AIRES, June 6 (Reuters) -Argentina’s 2024/25 wheat planting tasks were carried out without difficulties last week, mainly due to dry weather conditions, the Buenos Aires Grains Exchange (BdeC) said in a report on Thursday.
Nearly 26% of the 6.2 million hectares projected for planting in the 2024/25 season have been sowed, the exchange said in its weekly crop report.
Wheat planting is expected to end between July and August.
Argentina is a key wheat exporter and harvested 15.9 million metric tons in the previous season, according to official data.
Meanwhile, the 2023/24 soybean harvest is nearing its end, with the crops waiting to be harvested showing yields higher than expected.
Harvesting of the 2023/24 corn crop is 35.1% complete, with production estimated at 46.5 million tons.
Argentina is one of the world’s two largest exporters of soybean oil and meal, and the third-largest supplier of corn.
Source Link: https://www.xm.com/research/markets/allNews/reuters/in-argentina-dry-weather-boosts-wheat-planting-53855466
Recommended for you
