Argentina: Grain and Feed Annual
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Wheat production for 2020/2021 is projected at a record 20.2 million tons on a 2 percent area increase with exports of 13.4 million tons (including wheat flour), the second largest in history. Barley area and production decline due to smaller returns but exports are forecast up to 2.4 million tons as high beginning inventories are reduced. Corn area in 2020/2021 is forecast stable with production at 48.5 million tons and exports at 34 million tons, 1.5 million tons below expectations for 2019/2020. Rice production and exports are forecast unchanged.