In this list
Agriculture

Argentina's MY 2022-23 wheat planting forecast down 9% on year at 6.1 mil hectares: BAGE

Agriculture | Biofuels

Biorefinery Cost & Margin Analytics (BCMA)

Commodities | Crude Oil | Refined Products | Diesel/Gasoil | Fuel Oil | Gasoline | Jet Fuel | LPG | Naphtha

Exploring West Africa's oil product flows in a changing refining landscape

Metals | Upstream

Perth Commodity Market Insights Forum

Electric Power | Energy Transition | Renewables | Hydrogen

Second Gulf of Mexico offshore wind sale first to permit hydrogen production

Agriculture

Soybean price assessments

Electric Power | Energy Transition | Emissions | Hydrogen | Renewables

Moment of truth looms for European green hydrogen investments

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Argentina's MY 2022-23 wheat planting forecast down 9% on year at 6.1 mil hectares: BAGE

Highlights

Soil moisture poor across 44% of sown area

16% of crop in good to excellent condition, 25% poor

USDA pegs MY 2022-23 output falling to 18.5 million mt

  • Author
  • Sampad Nandy
  • Editor
  • Wendy Wells
  • Commodity
  • Agriculture

Argentina's wheat planting forecast has been reduced to 6.1 million hectares for the marketing year 2022-23 (December-November) from 6.2 million hectares earlier due to poor soil moisture, the Buenos Aires Grains Exchange said in a report July 27.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The acreage is likely to be down nearly 9% year on year from 6.7 million hectares in MY 2021-22.

The exchange said soil moisture was poor in around 44% of the total sown area so far, against 30% the previous year. Around 16% of the crop was in good-to-excellent condition, while 25% was in poor condition, it added.

The crop condition was seen poor in Northwest Argentina, North Central Córdoba and South Córdoba.

Due to poor rainfall, yields are likely to be lower and the harvest was seen smaller in MY 2022-23. The US Department of Agriculture has projected Argentina's wheat crop in MY 2022-23 at 18.5 million mt, down from 22.5 million mt in MY 2021-22.

Potential trade impact

A likely fall in Argentina's wheat output may assume significance as global wheat supply is seen tightening due to the Russia-Ukraine war and weather concerns in the EU.

Argentina's wheat exports are also seen declining in MY 2022-23. The USDA has pegged Argentina's wheat exports in MY 2022-23 at 12.4 million mt, against 16.2 million mt in MY 2021-22.

Argentina had emerged as a major supplier of wheat in late 2021 as wheat export prices rose sharply. However, it limited exports in January to keep domestic prices in check.

Usually, Argentina is a key supplier of wheat to other South American nations.