The Argentine Grain Association released the latest data on corn sowing in Argentina on 25 01 23. The report shows that of the 7.2 million hectares planted projected in this cycle, 9720% has already been sown, i.e. 4. per week in advance50 percentage points.
According to the Mato Grosso Institute of Agricultural Economics (IMEA), this figure is 22 23 higher than in the same period of the 3rd year10 percentage points. The report shows that of the projected 7.2 million hectares planted, 9720% have been sown and have a weekly increase of 450 percentage points.
In terms of crop conditions in the country, 4100% of the districts are classified as excellent and best districts, 5300% of the area is in normal condition. These values show an increase of 22 compared to the 23 harvest of 29, respectively00 percentage points and 300 percentage points.
It is worth mentioning that in the 22 23 crops, the final corn yield in Argentina was negatively affected by La Niña due to lower rainfall. However, according to the National Oceanic and Atmospheric Administration, in the 23 season, with the confirmation of the El Niño phenomenon, the average accumulated rainfall in recent days was about 150 mm.
Finally, the Grain Exchange estimated that the maize production in the current cycle reached 56.5 million tonnes, a significant increase of 66 percent compared to the last harvest18%。