Argentina corn planting set to take hit from dry conditions
Updates with additional details from exchange in paragraphs 5-9
Oct 3 (Reuters) -Dry conditions are likely to impede corn planting efforts in Argentina's main agricultural core over the next seven days, the Buenos Aires grains exchange said on Thursday.
Farmers began planting the 2024/25 corn crop last month in Argentina, the world's third-largest corn exporter, and western and northern portions of Argentina's core farming region have suffered from dry conditions in recent months.
"Most of the Pampas region (in Argentina) and most of Uruguay will see scarce rainfall (less than 10 millimeters), with pockets of moderate values and large areas with no rain," the grains exchange said in its weekly crop report.
The exchange, which estimates the 2024/25 corn harvest will reach 47 million metric tons, has warned there could be cuts to the total area planted with corn if rains fail to bring relief in the short term.
As of Thursday, farmers had planted 13.7% of the area meant for corn, the exchange said in a crop status report.
"A large part of the agricultural area is going through the early planting period with water deficiencies, which complicates progress," it said.
Corn planting kicked off in September, while soybean planting starts this month. The two crops compete for the same farming area.
The wheat crop, whose harvest starts next month, is also wilting due to the lack of rains, the exchange said.
"Yields could be compromised if rains do not start up again," the exchange, which estimates the wheat harvest at 18.6 million tons, said.
Reporting by Maximilian Heath in Buenos Aires
Editing by Matthew Lewis and Sandra Maler
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