Argentine wheat production auction The commercial campaign for wheat has begun and exports are already showing the damage caused by the weather

Argentine wheat production auction

The commercial campaign for wheat has begun and exports are already showing the damage caused by the weather

Due to the effect of drought and frost, the collapse in production meant that only a third of what was exported last year was shipped in the first days of December, which was a record.

The impact of?drought?and?late frosts?on the field is also being felt by the farm business.?Wheat, the first crop threshed this cycle, is providing the initial data and also the dimension of the consequences that the extreme weather of this cycle implies.

According to the Rosario Stock Exchange, a production of 11.5 million tons is expected for this campaign,?more than 10 million less than the previous cycle?, in which the central zone of the country registered an outstanding campaign.

LOOK “?Tips” for threshing dry, frozen, green stem or low-size cereals

The current campaign, clarifies the entity, will reach a minimum since the 2015/16 cycle, but the progress of the harvest remains in line with what happened in previous years: 69% of the area has already been harvested.

Faced with this productive panorama, and after having spent?October and November with a limited rhythm in the arrival of trucks?at the port terminals of the region, the difference is notorious with what happened a year ago, when the high wheat production of the The central and northern region of the country left as a balance a strong increase in the entry of trucks that month (38,710 units in December 2021 versus the 16,008 entered this year).

This drop in truck revenue, of the order of 50% in total production, identically copies the drop in production.

DECEMBER

Taking the?ships of wheat?dispatched between December 1 and 15 and what is scheduled to ship until the 31st of this month, the Rosario entity details that it is estimated that 0.54 million tons of cereal will be dispatched abroad,?66% less than the volume dispatched in all of December 2021?(1.6 million tons).

LOOK?In Entre Ríos, wheat surprises: with the use of pig effluents, the yields exploded

On the other hand, if we compare the volume of DJVE (Affidavits of Sale Abroad), declared for wheat 2022/23 according to the data reported by the Ministry of Agriculture, Livestock and Fisheries (SAGyP), for the twelfth month it is observed which will be 2,926,800 tons.

It is?estimated that only 19% of what was declared will be shipped in the current month.?This, in turn, makes sense if the possibility of extending effective shipments for an additional 360 days is contemplated.

Regarding the destinations of Argentine wheat for the current campaign, the 0.54 million tons that would be shipped in the month will be sent mainly to Latin America: Brazil, Colombia, Peru and Ecuador as protagonists.