They expect an explosion in corn crops and a record harvest of 59 million tons

After the worst drought in 100 years, the rains bring relief to producers and Javier Milei’s government as harvest estimates grow with each passing day.

According to the Rosario Stock Exchange, Argentina would once again set a production record in corn. With a national yield of 7,960 kilos, 5,400 kilos more than the average of the last 5 years, the estimate made on the state of the corn harvest is a production record of 59 million tons.

This production would exceed by 7.5 million tonnes to the highest registered trademarksthose of the 2018/19 and 2019/20 campaigns (both with 51.5 million tonnes).

As explained, despite a slight decrease in the vineyard area, the high expected returns Thanks to the abundant rainfall, a “high productivity environment” is established.

Therefore, with a cultivable area of ​​7.4 million hectares, corn production would be 64% more than a year ago. “The new campaign would already exceed by 3 million tonnes the 56 million tonnes forecast in previous reports,” the technician explained in the report.

Specifically, in the central area, main agricultural area of ​​the country, the same entity estimates 13.9 million tonsbased on 1.38 million hectares planted and an estimated average yield of 11,000 kilos, which places it among the top 5 campaigns of the last 15 years in the central region.

This production figure is 10 million tonnes higher than the disastrous 2022/23 campaign and only 1 million tonnes below the 2019/20 production record. If rains accompany the rest of the cycle, corn yields could be even higher and very close to breaking the region’s production record.

Looking ahead to the months until harvest, the report makes it clear that environmental conditions will be very important thereafter In this cycle, late sowing takes up 65% of the total sown. “Beyond the possible adjustments of yield and production data based on the evolution of the plots, the truth is that the January rains continue to strengthen the areas that needed water the most. The forecasts continue to support a Niño between moderate and strong action until the autumn. If there are no major changes, Argentina will be able to express excellent production potential in this new campaign”, he explains.

And then he specifies: “If you compare the yields of last year’s poor harvest with those of this first estimate of corn in the main provinces, the gap is gigantic. For example, for Santa Fe a yield is expected 243% higher than that of the year The provincial average last year was 29.2 qq/ha, while For 2023/24, 100.3 qq/ha are estimated. This way, Santa Fe would once again rise to first place on the corn yield podium.”

In soybeans, increase in production projection by 2 million tonnesrising to 52 million tonnes, still far from the 60 million tonnes recorded in the 2014/15 cycle.

In this way, given the resumption of the production of all cereals, the Rosario Stock Exchange exports recently estimated at $35.8 billions, more than $10,000 million more than the total contributions in the current campaign, which represents a 40% increase.