Exchange sees record corn crop over soy in Argentina; raises wheat harvest

Argentina's 2021/22 corn crop has been estimated at a record 55 million tons, according to a Buenos Aires grain exchange assessment Tuesday, with a strong increase in the cereal's planting area over soy, the country's main crop.

RIO DE JANEIRO, BRAZIL - Argentina is the world's largest exporter of soybean meal and oil and the second largest exporter of corn. However, farmers have been recently choosing the cereal over the oilseed due to the crop's greater flexibility, which reduces drought-associated risks.

The Buenos Aires exchange estimated the soy crop at 44 million tons in its annual presentation, slightly higher than last year.

Esteban Copati, head of the exchange's Agricultural Estimates Department, pointed out that the corn planting area will grow for the 8th consecutive year to about 7.1 million hectares, up from 6 . . .

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