Argentine Corn Crop Is 10% Planted, Cereals Exchange Says

Corn farmers in Argentina, the world’s second-largest exporter of the grain, have planted 9.6 percent of the 2012-2013 crop’s estimated area of 3.4 million hectares, the Buenos Aires Cereals Exchange said.

Argentina’s corn planted area for the current crop was reiterated at 12 percent less than the previous season, the Cereals Exchange said today in its weekly crop report published on its website. Argentina is the world’s second-largest exporter of the grain, behind the U.S.

Frost on Argentina’s wheat crop, Latin America’s largest, was mitigated by excessive humidity from rain this week, the exchange said.

“It is too soon to forecast an impact,” the exchange said, maintaining wheat’s estimated planted area at 3.6 million hectares.

Farmers in the northern part of the country have started harvesting wheat, it said. The wheat season runs from April through January.

Last year Argentina was the world’s fifth largest wheat exporter after the U.S., Australia, Russia and Canada.

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