USDA
04 Aug 2015

Argentine wheat production for 2015/16

Argentine wheat production for 2015/16 is forecast down at 10.2 million tons (mmt), 1.3 mmt lower than USDA. This is a result of an adjusted smaller area as the crop is unprofitable in most cases and to a lesser use of inputs. Exports are projected at 5 mmt, significantly lower than USDA official exports at 6.7 mmt. Barley production for 2015/16 remains unmodified. Non-feed use is set at 1.3 million tons, 100,000 tons lower than official USDA estimates. Corn production for 2015/16 is estimated at 21 mmt,
4 mmt lower than official USDA estimates. This is the result of a significantly lower area due to the lack of profitability and the challenge of selling production domestically. This output negatively impacts projected exports which are now set at 11.5 mmt, 4 mmt lower than USDA. Sorghum estimates remain unchanged. Rice production for 2015/16 is projected down to 1.25 mmt (rough
production), 364,000 tons lower than official USDA estimates as farmers plan to cut area and only plant in fields with good production potential.

Grain and Feed Update_Buenos Aires_Argentina_7-28-2015

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