USDA low estimate harvest argentina soybeans at 51 mn T

Argentina’s 2019/20 soybean harvest would be 51 million tonnes, from the estimated 52 million previously, while production in the upcoming 2020/21 campaign would reach 53.5 million tonnes, the U.S. Department of Agriculture(USDA) said Tuesday. The USDA estimated wheat 2020/21harvest at 21 million tonnes. It is the first estimate the body makes for new wheat. Forecasts that maize crops for the current 2019/20 cycle and the next 2020/21 campaign will be 50 million tonnes.

Source: Cityfalcon