Oct 26, 2022

2022/23 Argentina Corn 17% Planted vs. 31% Average

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

The weather in Argentina continues to complicate the corn planting. It continues to be generally dry in Argentina with only minimal improvements in soil moisture. The forecast is calling for improved chances of rainfall this week across most of the country and it cannot come soon enough. There have also been late season frosts across parts of southern Argentina.

The 2022/23 Argentina corn was 17% planted late last week compared to 26.3% last year and 31% average. This represents an advance of only 1% for the week. There is only about a week left to plant the early corn and the early corn planting is 40% compared to 55% last year and 58% average. If the forecasted rains verify this week, farmers will probably plant most of their early corn. If the rainfall coverage or amounts are disappointing, it is unlikely that all the intended early corn will be planted.

Farmers may decide to switch some of the early corn to late corn which they will start planting in December or they may decide to plant soybeans instead. The Buenos Aires Grain Exchange lowered the corn acreage last week by 200,000 hectares and they now have the acreage at 7.3 million hectares, or 400,000 less than last year.

In the core production areas, the corn is 45-55% planted with 10-20% planted in southern Argentina and 0% planted in northern Argentina. The corn in Argentina is rated 36% poor, 54% fair, and 10% good/excellent. The good/excellent percentage is down 2% from the prior week.