Argentina’s wheat planting is virtually complete with the crop developing well across most of the farm belt, the Buenos Aires Cereals Exchange said in its weekly crop report Thursday.
To date, 98.4% of the expected 4.6 million hectares have been planted with wheat, the exchange said. While the crop is showing some signs of damage from flooding in Entre Rios province and frost in the central fields, most of it is in good shape.
Meanwhile, farmers are wrapping up the 2010-11 corn harvest, with 97.2% of the fields cleared so far. The exchange forecasts production of 21 million tons.
Sunflower seed planting is 8.5% complete, with area seen at 1.86 million hectares, according to the exchange.
Argentina is the world’s third-largest soybean exporter; ranks second in corn, first in soy meal and soyoil; and are a leading exporter of wheat and sunflower seed oil.
Source: indiainfoline.com