Argentina’ s wheat planting 4.27 million hectars in 2010/11

Argentina’ s wheat production forecast by Buenos Aires Grains Exchange seen increase more than latest estimated. The sowing of Argentina wheat now complete, the exchange forecast planting area is 4.27 million hectares (10.55 million acres) up from previous estimated at 4.2 million hectares . The exchange expect production around 9.0 million and 10.5 million tons compare with USDA forecast (Aug) at 12 million tons. Dry Weather condition has been watch closely as it can affect 2010/11 crop in recent week.

The report from the Agriculture Research Institute shown high risk of dry condition on Argentina main wheat planting area. Buenos Aries where account for nearly half of total Argentina wheat production that receive rain fall only 28% from normal in August and Santa Fe No.3 wheat producer receive rain fall only 22% from normal , which this dry condition could be damage wheat crop and other.

NOAA (ENSO weekly update) reported

“La Niña condition are present across pacific ocean, Negative sea surface temperature anomalies persist across much of the Pacific Ocean and La Niña conditions are likely to continue through early 2011.”

La Niña condition increase risk to US and South American crop may affect from dry condition from September to early 2011 while wheat, soybean and corn will planting in that period of time.

Argentina Rainfall % from normal (Aug 10)

Buenos Aires 28%

Santa Fe 22%

Cordoba 6%

Entre Rios 60%

La Pampa 35%

Cargill Sees Record Soybean Output in Brazil, Argentina on Rain

Feb. 19 (Bloomberg) -- Brazil and Argentina, the biggest soybean producers after the U.S., may harvest as much as a combined 120 million metric tons of the oilseed this year as rain boosts yields, Cargill Inc.’s Jose Luiz Glaser said.

Brazil will produce 64 million to 67 million tons of soybeans, while Argentina will harvest another 52 million to 53 million tons, Glaser, head of Cargill’s soybean business in Brazil, said in a telephone interview from Sao Paulo today......more detail

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.