Wheat There is much talk about Argentina’s new wheat campaign outlook that mostly centers on the uncertainty regarding planted area. The consensus right now, however, is that the 2024/25 area will decrease from the prior year. Seed and input sales for planting are lagging last year’s volumes because farmers are struggling to make decisions. Clearly, there are producers in areas where they have no choice but to plant wheat, but in other regions where they could switch to barley or go directly to summer crops, doubt regarding planting intentions is significant. Fertilizer sales are keeping companies awake at night because fertilizer is the first thing farmers cut from budgets during times of low margins and great uncertainty. Th...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, South America