Saturday, March 13, 2010

DJ Argentina Soy Harvest Starting, But Wetness Delaying Progress

BUENOS AIRES (Dow Jones)--Argentina's farmers have started to harvest the
bumper 2009-10 soy crop, although wet conditions in many areas are slowing
things down, the Agriculture Ministry said in its weekly crop report Friday.

While conditions are mixed in some fields that received too much rainfall,
the crop is generally in good shape.

In the Pergamino district of Buenos Aires Province, yields are in line with
expectations. "Prospects are good as the crop passed all stages with optimal
temperatures and humidity," the ministry said.

The ministry hasn't forecast soy production yet, but the Buenos Aires Cereals
Exchange is predicting a record 53.5 million metric tons of soybeans this
season. The exchange raised its forecast by 1.5 million tons this week due to
the good conditions.

Corn planting is progressing, with 11% of the crop harvested to date,
according to the Agriculture Ministry. Conditions are good in most areas.

The ministry pegs output at between 19 million and 21 million tons, up
sharply from 12.6 million tons last season.

Farmers have harvested 40% of the sunflower seed crop to date, with
production forecast by the ministry at 2.2 million to 2.7 million tons.

Estimates for Argentina's 2009-10 crop production in millions of hectares
(HA) or millions of metric tons (MT).

Wheat Soy Corn Sunseed
Ag Ministry 7.5MT 18.2HA 19-21MT 2.2-2.7MT
B.A. Cereals Exch 7.44MT 53.5MT 20.2MT 2.1MT
USDA 9MT 53MT 21MT 2.3MT
Rosario Exchange -- 52.5MT 19.7MT --
Agritrend 8MT 53MT 19.5MT 2.2MT
Granar -- 53.4MT 19.6MT --
Lartirigoyen -- 55.3MT 19.2MT 1.95MT
Panagricola -- 51MT 20MT 2.1MT

Argentina's historical production estimates in millions of metric tons,
according to the USDA:

Wheat Soy Corn Sunseed
2008-09 8.4 32 12.6 2.9
2007-08 18 46.2 22 4.65
2006-07 16.1 48.8 22.5 --
2005-06 14.6 40.5 15.8 --

-By Shane Romig, Dow Jones Newswires; 54-11-4103-6738;

No comments:

Post a Comment