Argentina Grains Exchange Bumps Up Wheat Harvest Forecast, Trims Soy Area
Category: Grains
(Reuters) – Argentina’s Buenos Aires grains exchange bumped up its wheat harvest forecast for the 2019/20 season and slightly trimmed its soy planting area outlook on the back of dryness in some of the country’s key farming regions.
The exchange said that it anticipated a soy planting area of 17.5 million hectares, down slightly from a previous forecast of 17.7 million hectares. The wheat harvest was nudged up to 18.8 million tonnes from an earlier 18.5 million tonnes.
