Wheat  Determining how much wheat will be planted in Argentina is difficult. Production margins have gone from very bad to very good, thereby encouraging producers to change their minds about planting intentions. An increase in area is certain; in fact, the top market seed varieties are already sold out and the second-tier varieties, which are equally good, are what remain. The soil moisture profile is still good, but some areas show that the available water in the top centimeters of soil (needed at planting time) has already disappeared, forcing producers to plant deeper than usual. Some producers, seeing this situation and expecting below-normal rainfall for the last quarter of the year, will not plant wheat and instead will save th...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, China, South America