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April 28, 2021

2020/21 Argentina Corn 17% Harvested vs. 28% Average

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

According to the Buenos Aires Grain Exchange, the average corn yield thus far is 8,350 kg/ha (132.7 bu/ac), which is up 3.8 bu/ac compared to the prior week. There continues to be a very wide range in the corn yields from 5,600 to 9,320 kg/ha (89 to 148 bu/ac)

Corn in Argentina was 17% harvested late last week compared to 34.5% last year and 28% average. This represents an advance of 2.8% for the week. In the core production area the corn was 50-65% harvested with 5-15% harvested in southern Argentina and 0% harvested in far northern Argentina. The early planted corn was 34% harvested while the later planted corn was 0% harvested.

The Argentina corn crop was rated 16% poor/very poor, 47% fair, and 37% good/excellent as of late last week. The good/excellent percentage compares to 38% the prior week. The soil moisture for the corn was rated 83% favorable/optimum and 1% surplus. This compares to 78% favorable/optimum and 4% surplus the prior week.

The Buenos Aires Grain Exchange left their corn estimate unchanged at 46.0 million tons, while the Rosario Exchange increased their corn estimate 1.5 million tons to 50.0 million.