Argentina expects a record harvest, and wheat exports
In Argentina, completed sowing of wheat. A sufficient amount of soil moisture and cool weather allow to hope for high yields and a record gross harvest, which analysts Agritrend estimated at 19.5-20 mln tonnes
More conservative experts of the Grain exchange Buenos Aires forecast a wheat crop of 19 million tonnes, which is 7% higher than the figure recorded 2017/18 MG.
According to experts Grain exchange Rosario, wheat production will reach 20 million tons and exports – a record 13.5 million tons.
November marks the start of the harvesting campaign. A new crop will enter markets at a time when it can be confirmed the worst expectations regarding the reduction of wheat production in the EU, black sea region, Canada and Australia.