USDA low estimate wheat crop in Argentina at 20.5 mn tons

Argentina’s 2020/21 wheat crop would reach 20.5 million tonnes, down from a previous estimate of 21 million tonnes, the United States Department of Agriculture (USDA) said in its monthly report on global grain supply and demand. The north and west of Argentina’s agricultural area have been suffering from a significant drought for two months, which has impacted on the development of wheat lots. On the other hand, it kept its forecasts for the 2020/21 soybean crop at 53.5 million tons and corn at and 50 million tons.

Source: Ámbito