Argentina wheat crop may fall below USDA estimated

Some analyst and the Buenos Aires Grian Exchange showed data that Argentina's wheat output will below USDA estimated. The Buenos Aires Grain Exchange reported crop estimated around 7.55 million tonnes and Dow jones reported 7.1 million tonnes that lower than USDA expected of 8.0 million tonnes. The farmer switch out from wheat down 40% year on year because of drought during plant season and high soybean prices.