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Argentina's corn harvest for 2018-19 reaches 49.3%; progress slow on high moisture

New Delhi — The harvesting of 2018-19 second corn crop in Argentina is 49.3% complete as of Wednesday, compared with 63% during the same period a year ago, according to the report the Buenos Aires Grain Exchange released Thursday.

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Corn harvesting in some parts of Argentina was delayed last week by the presence of high moisture, the report said.

In Argentina, early corn is normally planted September-October and harvested April-May, while late corn, or second corn, crop planting starts in early December and is harvested June-July.

Roughly 50% is early planted corn and 50% late corn.

Argentina corn production is expected at a record 49 million mt in 2018-19, according to the latest report the US Department of Agriculture published.

Argentina, also one of the largest corn exporters in the world, is forecast to export 31.5 million mt corn in the 2019-20 crop year, according to the report.

-- Asim Anand, aanand@spglobal.com

-- Mugunthan Kesavan, mugunthan.kesavan@spglobal.com

-- Edited by Valarie Jackson, newsdesk@spglobal.com