Argentina’s Wheat Crop Under Pressure from Unfavorable Climate Conditions

Recently, the Rosario Stock Exchange had cut wheat planted area estimates by another 100,000 hectares, bringing overall wheat area to 6.5 million hectares, down from the previous estimate of 7 million hectares.

RIO DE JANEIRO, BRAZIL - Argentina's wheat crop continued to remain under pressure amid growing unfavorable weather conditions, which are raising doubts about future crop loss. Wheat planting in Argentina was 100 percent completed in the week to August 19th, but recent frost conditions, with variable intensity, have hit most parts of its key wheat regions, rendering current growth conditions unfavorable for the crop, the Buenos Aires Grain Exchange (BAGE) said in its report released . . .

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