News X
10 Mar 2017
USDA Raises Argentine Wheat Export Forecast
Grain
In its latest grain market update the US Department of Agriculture (USDA) has lifted its forecast for Argentine wheat exports in the 2016/17 harvest year (Jul-Jun) by 1.5 Mt to a five-year high of 11.0 Mt, citing a strong harvest and robust shipments. This compares with exports of 8.8 Mt in 2015/16, and just 4.2 Mt the year before.