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Cool, dry weather in Argentina supports wheat-planting plans -grain exchange
BUENOS AIRES, July 11 (Reuters) - Cold and mostly dry conditions over the past week in Argentina have bolstered wheat planting for the 2019/20 season, helping get rid of excess moisture that had delayed sowing in some areas, the Buenos Aires grain exchange said on Thursday.
Argentina, a major global wheat exporter, is aiming to plant 6.6 million hectares (16.3 million acres) of the grain, up from 6.2 million hectares (15.3 million acres) the previous season when the country harvested a record 19 million tons of the crop.
"A large part of the area with problems of excess water has recovered, allowing the seeders to make progress," the exchange said in its weekly crop report, pointing to areas like parts of Santa Fe province.
According to the report, producers as of Wednesday had planted 85.8% of the planned area for wheat, an increase of 12 percentage points versus the same period the year before.
The Buenos Aires grain exchange added the weather would also support the 2018/19 corn harvest, expected to reach a record of 48 million tons. That harvest is 53.1% complete. (Reporting by Maximilian Heath; Writing by Adam Jourdan; Editing by Peter Cooney)
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