Argentina: Grain and Feed Annual
Post estimates Argentine wheat production for 2016/17 at 14.4 million tons, and exports at 8.3 million tons, both very similar to USDA. Barley production is expected at 3.0 million tons, 650,000 tons lower than USDA because of a smaller harvested area. A smaller supply will negatively affect barley exports, especially feed barley if finally the quality turns to be good as it currently seems so. Post projects corn production for marketing year 2016/17 at 36.5 million tons, the same as USDA. Exports for 2016/17 are forecast at 26 million tons, 1 million tons higher than USDA. This is because of higher beginning stocks, as Post now estimates production for 2015/16 at 30 million tons, 2 million tons higher than USDA due to greater harvested area. The additional output is expected to allow a larger export volume in 2015/16, at 20.5 million tons, and an increase in carry over of 1 million tons. Post estimates sorghum exports for 2015/16 and 2016/17 at 600,000 tons per year, lower than USDA. Local traders indicate that foreign demand of sorghum is weak. Post projects for 2016/17 a somewhat smaller rice production and area than what USDA estimates.
