Conditions in 46 percent of Argentina’s 6.1 million hectares (15.07 million acres) planted with wheat were rated as “good to excellent,” thanks to a favorable growing climate during the first half of the 2018-19 season, the Buenos Aires Grains Exchange said on Thursday.
Rains last week added to the favorable conditions, the exchange said. Farmers have finished planting for the 2018-19 season, and harvest begins in the final months of the year.
The exchange also said corn producers had harvested 98.5 percent of the country’s 2017-18 crop, which will only yield 31 million tonnes due to a severe drought earlier this year.
In Argentina, the world’s No. 3 corn exporter, farmers are now planting corn for the 2018-19 season, which is expected at a record planting area of 5.8 million hectares