World Perspectives
feed-grains soy-oilseeds

Mercosur Regional Analysis

Wheat Wheat continues to capture the attention of many traders and analysts in Argentina. Planting continues to be delayed due to lack of soil moisture and sowing has only reached 30 percent completion, which implies a year-on-year delay of 6 percentage points. The seasonal rains have not yet appeared, and forecasts are not encouraging. At the end of June, some rains are expected for northeastern Argentina, but the most drought-affected areas will have to continue waiting. Many producers have already decided not to plant wheat and instead chose to work fields for a good sowing of summer crops. Others will switch to short-growing seasonal wheat varieties if rain appears, even if yields are somewhat reduced. Last week, the Buenos Aires Grai...

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