Argentina completes the sowing of soybeans and corn

Even slight precipitation, which took place last week in Argentina, helped to speed up sowing of soybeans and corn that allows to hope for a good harvest.

In the next 7-10 days, the temperature in the country will remain below normal, and in all regions will be favorable for crops moderate rains and thunderstorms, although in a smaller than usual amount.

According to Grain exchange Buenos Aires, recent rainfall allowed to enter the final stage of planting soybeans and corn. During the week, soybeans were sown on 1.8 million hectares, but in General it is planted 87.5% of the planned areas, which is 2.1% below last year's pace. Over the next week will pass small rains, which will allow you to seed the last 2.1 million hectares.

Corn for the week planted to 13.6% of the area, and now it is planted on 75% of the planned 6.3 million hectares behind last year's rate dropped to 8.7%.

Dry weather with little precipitation contributes to the collection of wheat, which was threshed on 91.9% of the planned area, which matches last year's rate of harvest. Experts exchange BAGE left the forecast of the wheat harvest at the level of 16.8 million tons, and the yield is estimated at 2.7 t/ha.

Barley in the country is assembled by 86.7% of areas and the average yield of 4.53 MT/ha, resulting in experts BAGE increased forecast production to 4 million tons.

Delayed sowing, dry weather and strike in Argentina in recent weeks were the main factors supporting prices of corn and soy complex, so positive news about the crops will limit the growth.