USDA Grain and Feed Update (Jan. 27): Argentina's Wheat Production Projected to Set Record, Corn and Sorghum Down

Buenos Aires, AR — Argentina is expected to produce a record 21.8 million metric tons (MMT) of wheat in marketing year (MY) 2021/2022, but corn and sorghum crops are projected to be down because of drought.

The estimate for wheat is 1.3 MMT than the official USDA number.

As a result, exports are expected to be higher, increased to 15.2 MMT (including flour in its wheat equivalent).

Barley production in MY 2021/2022 is also increased to 5.05 million tons, 250,000 tons higher than the official USDA number.

By contrast, corn production is forecast at 51 million tons, 3 million lower than the official USDA number due to dry conditions.

Exports are reduced accordingly.

Sorghum production is also reduced because of drought, but exports are forecast up at 2.6 million tons, 300,000 tons higher than the official USDA number.

Rice exports in MY 2021/2022 are forecast at 390,000 tons (milled basis), 40,000 tons higher than USDA.

To read the full report, click here.

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