The Argentine government has dropped its forecast for the 2008-09 wheat crop by more than a million tons from last month's estimate, setting the new number at 9 million tons. If those numbers hold up, that will drastically impact
With 53% of wheat harvest the Argentine Ag Secretariat says yields are extremely low. Drought and decreased planted area are being blamed for the reduced crop from the 16 million tons harvested last year. The lower figures for exports can be attributed to increased domestic demand.
Due to the reduction in the amount of wheat