Argentine rains boost wheat but delay sunflower planting
Argentina’s wheat season is improving due to recent rains, which have benefited crop conditions in key regions, though the wet weather has delayed the start of the sunflower planting campaign. Wheat is planted on 6.3 million hectares for the 2024/25 season, with harvest beginning in November. However, lack of rain and frost could affect crops in the northwest. Meanwhile, corn harvests are nearly complete, with 98.7% finished, and sunflower planting, expected to cover 1.85 million hectares, is behind schedule due to the rain.
BUENOS AIRES, Aug 22 (Reuters) -Argentina’s current wheat season should continue to improve thanks to recent rainy days, the Buenos Aires grains exchange said in a report on Thursday, though the wet weather slowed the start of the country’s sunflower campaign.
The South American nation is a major world supplier of wheat and has planted some 6.3 million hectares (15.6 million acres) for the 2024/25 season. The harvest is set to begin in November.
“Crop conditions in the south and center of the agricultural area are expected to keep improving after rains this week and last,” the exchange said, adding they should benefit from a fresh fertilization push.
But a lack of rain and frosty cold fronts could risk conditions in the northwest of the farming heartlands, it warned.
Meanwhile, the recent rains have slowed the final harvests of the 2023/24 corn crop, which is 98.7% complete, the exchange said.
Argentina is the world’s third-largest corn exporter and the exchange expects this season to produce some 46.5 million metric tons. It is also a major world exporter of sunflower oil.
Farmers last week began planting an expected 1.85 million hectares of the 2024/25 sunflower crop, the exchange said.
Sunflower sowing began after several weeks of delays and is some 9.5 percentage points behind the historic average for this point in the season, it noted, due to the recent wet weather.
Source Link : https://www.xm.com/research/markets/allNews/reuters/argentine-rains-boost-wheat-but-delay-sunflower-planting-53911041
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