According to the forecast of the Buenos Aires Grain Exchange, the corn production in Argentina will reach 47 million tons in 2021, which is 4.5 million tons lower than in 2020.
Wheat harvest in Argentina is now 66% completed.
9.32 million tons of wheat have been harvested with an average yield of 2.31 t/ha. With this average yield, production is expected to reach 14.1 million tons, which is a catastrophically low level.
According to The Ministry of Agriculture of China's forecasts, the import of corn in the country in 2020/21 will be reduced to a total of 7 million tons compared to the 22 million tons expected by FAS USDA.