Argentinean 2012-13 wheat output seen at 12 million tonnes

The report issued by US Department of Agriculture attache in Argentina. Wheat production for 2012/13 is projected to drop to 12 million tonnes as a result of a lower planted area. Most of the lost area will be planted with barley, which is forecast to increase by 50 percent. Corn planted area is also projected to drop, but yields are expected to recover after a severe drought which affected the 2011/12 crop.
Therefore, total production is forecast to reach at 23.6 million tonnes. Most of the loss corn acreage will be planted with soybeans. Sorghum production is expected to increase to 4.8 million tonnes. Rice production is forecast to drop marginally if prices do not recover in the next few months. Exports for 2012/13 are expected to drop for wheat and increase for corn, sorghum and barley.