Argentina Maintains 2024/25 Corn Estimate at 46.0 Million Tons

Argentina’s corn harvest has reached 6.7%, with yields improving to 8,010 kg/ha. The corn estimate remains at 46.0 million tons due to favorable weather and increased soil moisture. Upcoming discussions at the BLACK SEA GRAIN.KYIV conference will address key agricultural developments, including Brazil’s low corn stocks and EU tariffs.

As of late last week, Argentina’s corn harvesting has progressed to 6.7%, compared to just 2% at the same time last year, marking a weekly increase of 1.3%. The most significant harvesting regions include east-central Entre Rios at 46% and north-central Santa Fe at 45%. Current average corn yields have improved to 8,010 kg/ha (127.3 bu/ac), reflecting an increase of 3.5 bushels from the previous week.

Weather conditions in Argentina have improved notably, alleviating previous drought concerns while raising apprehensions about excessive rainfall in some Buenos Aires areas. Recent rains have enhanced soil moisture levels for late-developing corn, prompting the Argentina corn estimate to remain stable at 46.0 million tons this week.

The Buenos Aires Grain Exchange reported improved corn conditions for a third consecutive week, although detailed percentage ratings were not disclosed last week. Correspondingly, soil moisture ratings have also improved, indicating a promising outlook for the corn crop in Argentina.

Discussions regarding the future development of the grain sector in the Black Sea and Danube region are set for the 23rd International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv, which aims to facilitate strategic dialogues and networking among industry leaders. Additionally, various agricultural developments are occurring, including Brazil’s historic low corn stocks and the EU’s duties on U.S. corn and soybeans, as well as Austria’s contribution to the Grain from Ukraine initiative.

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In conclusion, Argentina’s corn harvest is progressing with favorable weather and improvements in crop yields and conditions. The current estimate remains stable at 46.0 million tons, with ongoing developments in the agricultural sector highlighting significant international discussions and regional agricultural challenges. Continued monitoring will be crucial as these factors evolve.

Original Source: ukragroconsult.com