Argentina’s corn estimate remains stable at 46 million tons for 2024/25. Harvesting has progressed significantly to 6.7% as of last week, better than last year’s 2%. Improved weather and soil moisture conditions have contributed positively to crop yields. The Black Sea Grain Conference in Kyiv will discuss further developments in the grain sector.
In the latest report, Argentina’s corn estimate for the 2024/25 season remains steady at 46.0 million tons. As of late last week, the corn harvesting process advanced to 6.7%, significantly higher than the 2% recorded during the same period last year. Notable progress is evident in east-central Entre Rios, with 46% of the corn harvested, and in north-central Santa Fe, where 45% has been completed, yielding an average of 8,010 kg/ha, an increase of 3.5 bushels from the previous week.
Recent weather conditions in Argentina have notably improved, alleviating past drought concerns, although isolated areas of Buenos Aires have encountered excessive rainfall. The beneficial rain has enhanced soil moisture levels for late-developing corn crops, justifying the unchanged corn estimate this week at 46.0 million tons.
The corn condition in Argentina has displayed consistent improvement for three consecutive weeks. However, the Buenos Aires Grain Exchange has not provided detailed crop rating percentages for the latest week. Soil moisture conditions have similarly seen improvement during this period.
A forthcoming event, the 23rd International Conference on Black Sea Grain (BLACK SEA GRAIN.KYIV), will take place on April 24 in Kyiv, focusing on the ongoing development in the grain sector of the Black Sea and Danube regions. Participants will have the opportunity to engage in strategic discussions and networking with industry leaders.
Several notable developments include Brazil facing its lowest corn stocks in 25 years, the EU implementing duties on U.S. corn and soybeans, Austria contributing an additional €2 million to the Grain from Ukraine initiative, and Tunisia securing 100,000 tons of soft wheat.
In summary, Argentina’s corn yield and harvesting progress show marked improvement, bringing the official estimate for the 2024/25 season to 46.0 million tons. Weather conditions have positively impacted soil moisture and crop stability, while significant upcoming events in the grain sector may influence market dynamics. As global developments unfold, Argentina’s grain production continues to be a focal point.
Original Source: ukragroconsult.com
