UPDATE 1-Argentina sees 2014/15 wheat harvest of 12 million tonnes – RTRS | News | Thomson Reuters Eikon 11/20/2014

UPDATE 1-Argentina sees 2014/15 wheat harvest of 12 million tonnes – RTRS

20-Nov-2014 12:29

(Adds corn planting area estimate, other forecasts)

BUENOS AIRES, Nov 20 (Reuters) – Argentine farmers will harvest 12.0 million tonnes of wheat in the 2014/15 crop year, the agriculture ministry said in its monthly report on Thursday, issuing its first wheat crop estimate of the season.

Argentina’s 2013/14 wheat harvest was 9.2 million tonnes, according to official data.

The South American grains powerhouse is also expected to plant 20.1 million hectares with soy this year, down from the government’s previous estimate of 20.3 million hectares.

The ministry expects 5.56 million hectares to be planted with commercial-use corn this season.

The U.S. Department of Agriculture expects Argentina to harvest 12 million tonnes of wheat this crop year versus 10.5 million in 2013/14. The USDA forecasts an Argentine soy crop of 55 million tonnes versus 54 million in 2013/14 and 23 million tonnes of corn this season versus 25 million in 2013/14.

The Rosario grains exchange said last week it expects Argentine farmers to plant 20.7 million hectares with soy in the 2014/15 season. Rosario sees the 2014/15 commercial-use corn harvest at 21.5 million and wheat at 12.0 million tonnes.


(Reporting by Maximiliano Rizzi and Maximilian Heath; Editing by Chizu Nomiyama) ((hugh.bronstein@thomsonreuters.com; 5411 4318 0655; Reuters Messaging: hugh.bronstein.thomsonreuters.com@reuters.net))






This entry was posted in Breaking News, Daily Market News, Grains, Market Commentaries. Bookmark the permalink.

Leave a Reply