Argentina’s wheat area is seen slightly bigger than previously forecast and rains have brought relief to crops in recent days, Buenos Aires Grains Exchange said in a report Sept. 9.
Argentina is one of the world’s leading wheat suppliers and markets have been closely watching dry conditions affecting 2010- 11 crops in recent weeks, especially as the country is seen as helping plug the supply gap left by drought-hit Russia.
With sowing now complete, the grains exchange raised its estimate for plantings to 4.27 million hectares (10.55 million acres) from the 4.2 million hectares estimated previously.
“Bigger plantings in north-central Santa Fe and in southwestern Buenos Aires explain the new forecast,” the exchange said in a weekly crop report.
Rains early this month improved the condition of parched crops, and more rains were forecast for the coming days, the exchange said Sept. 9
“Welcome rains last weekend brought relief to wheat crops, making fertilizing possible,” the report added.