Forecast for wheat crop in Argentina is lowered

FAS USDA forecast, that in 2017 – 2018, wheat crop in Argentina will reach 16.65 million tonnes, by 850,000 tonnes less than the official forecast of USDA.

The reason for the correction is the reduced areas under cultivation.

Areas of barley are estimated at 750,000 hectares. The crop of barley is expected at 2.8 million tonnes (-200,000 tonnes).

The forecast for corn crop is raised to 40.5 million tonnes in relation to the increased areas under cultivation.