More wheat, less corn in Argentina for 2024/25 says United States Department of Agriculture attaché

Reading Time: < 1 minute

Published: October 28, 2024

, , , , ,

Photo: fotokostic/iStock/Getty Images Plus

Glacier FarmMedia | MarketsFarm—As wheat production in Argentina is projected to increase in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires, the country’s corn output is to be smaller than in the previous year.

The attaché put the coming Argentine wheat harvest at 18 million tonnes, the same as the official USDA estimate. While the figure is down somewhat from the attaché’s previous call, their report noted that recent rains in Argentina helped to stop further declines due to dry conditions. Nevertheless, the estimate improved upon the 2023/24 harvest of 15.850 million tonnes.

Read Also

More wheat, less corn in Argentina for 2024/25 says United States Department of Agriculture attaché

Canada seeks pact with Southeast Asian countries to diversify trade

Canada is seeking to finalize a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top diplomat said, responding to the hefty tariffs imposed on it by the United States, its neighbour and largest trade partner.

The Buenos Aires desk included an increase in wheat exports, foreseeing 12 million tonnes in 2024/25 compared to 8.2 million the previous marketing year. Meanwhile, total domestic consumption is to standpat at 7.05 million tonnes. However, ending stocks were placed at 3.53 million tonnes, more than a million tonnes lower than in 2023/24.

As for 2024/25 Argentine corn output, the attaché estimated it at 48 million tonnes, three million less than the official USDA number. It’s also lower from the attaché’s 50.5 million tonnes of corn in 2023/24. They cited two reasons for the declines with first being last year’s spiroplasma disease the central and northern growing areas. The other with the dry conditions being generated by a developing La Nina.

Corn exports in 2024/25 are to increase by one million tonnes at 35 million and total domestic consumption is to slip by 500,000 tonnes at 14.5 million. That’s to see ending stocks drop from 4.33 million tonnes in 2023/24 down to 2.84 million.

About the author

Glen Hallick

Glen Hallick

Reporter

Glen Hallick grew up in rural Manitoba near Starbuck, where his family farmed. Glen has a degree in political studies from the University of Manitoba and studied creative communications at Red River College. Before joining Glacier FarmMedia, Glen was an award-winning reporter and editor with several community newspapers and group editor for the Interlake Publishing Group. Glen is an avid history buff and enjoys following politics.

explore

Stories from our other publications