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335178

USDA attache sees Argentina 2022/23 wheat crop at 15.5 million T

Oct 25 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service (FAS) post in Buenos Aires:

"Due to dry conditions, Argentine wheat production for marketing year (MY) 2022/23 is forecast down at 15.5 million metric tons (MMT), 2 MMT lower than the official USDA estimate. As a consequence wheat exports are lowered to 10 MMT. Barley exports for MY 2022/23 are also forecast down at 3 MMT, 500,000 MT lower than official USDA projection as result of lower production and slower farmer selling. Corn exports in MY 2022-23 are projected at 37.5 MMT, 3.5 MMT lower than the official USDA estimate mainly due to a smaller forecast crop. Sorghum exports in MY 2022-23 are forecast at 2.2 million tons, with China being the primary destination."

To read the full report, click: https://bit.ly/3gIVV4a (Reporting by Julie Ingwersen in Chicago; Editing by Rashmi Aich)

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