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Weeklyagreport: Week Ended On May. 28, 2015

- Wheat planting progress was 4.3% of the projected area, slowed by recent rainfall. Planting continued in parts of Cordoba, Santa Fe, and Entre Rios. - Soybean harvest progress was 90.3% complete, yielding an average of 3.33 tons/hectare for a total of 57.4 million tons so far. Remaining areas are in the northwest and southeast. - Corn harvest was 37.4% complete, averaging 8.8 tons/hectare for a total of 10.9 million tons to date. Harvest was slowed by recent rain and late-planted fields still drying. The production estimate remains at 25 million tons.

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16 views

Weeklyagreport: Week Ended On May. 28, 2015

- Wheat planting progress was 4.3% of the projected area, slowed by recent rainfall. Planting continued in parts of Cordoba, Santa Fe, and Entre Rios. - Soybean harvest progress was 90.3% complete, yielding an average of 3.33 tons/hectare for a total of 57.4 million tons so far. Remaining areas are in the northwest and southeast. - Corn harvest was 37.4% complete, averaging 8.8 tons/hectare for a total of 10.9 million tons to date. Harvest was slowed by recent rain and late-planted fields still drying. The production estimate remains at 25 million tons.

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WeeklyAgReport

BUENOS AIRES GRAIN E XCHANGE

WEEK ENDED ON May. 28, 2015


CROP REPORT - HIGHLIGHTS
Estimations and Agricultural Projections Department
Buenos Aires Grain Exchange

Referencias:
NOA: Salta+Tucumn+Jujuy+Catamarca+Oeste Sgo del Estero.
NEA: Chaco+Este Sgo del Estero+Formosa.
Ctro N Sfe: Centro-Norte de Santa Fe. Ctro N Cba: Centro-Norte de Crdoba.
Ncleo Norte: Este de Crdoba+Centro-Sur de Santa Fe+Sudoeste de Entre Ros.
S Cba: Sur de Crdoba. N LP-O BA: Norte de La Pampa+ Oeste de Buenos Aires.
Ctro E ER: Entre Ros excluido Victoria y Diamante.
Ctro BA: Centro de Buenos Aires.
SO BA-S LP: Sudoeste de Buenos Aires+Sur de La Pampa.
SE BA: Sudeste de Buenos Aires. SL: San Luis.
Cuenca Sal: Este de la Cuenca del Salado. Otras: Corrientes+Misiones.

WEEKLY AGRICULTURAL WEATHER OUTLOOK


BUENOS AIRES GRAIN EXCHANGE

May 28, 2015

AGRICULTURAL WEATHER OUTLOOK: MAY 28 TO JUNE 3, 2015: MODERATE TEMPERATURE


RISE, FOLLOWED BY RAINFALLS OVER THE NORTHERN-END OF THE AGRICULTURAL AREA
AND A MODERATE TEMPERATURE RISE WITH LOW RISK OF FROSTS.OUTLOOK SUMMARY

At the beginning of the perspective, northerly winds will lead to a rise in temperatures above normal for this time of
year in the North and in the Center, while the South will remain under the influence of cold winds. Towards the end of
May, the passage of a storm front will bring abundant precipitations over most part of the Paraguayan Ag. region,
while the rest will report values ranging from scattered to scarce. The passage of the storm front will bring winds
coming from the south/southeast that will lead to a sharp temperature drop affecting most part of the Ag. region,
albeit with low risk of frosts.

WHEAT
Rainfalls observed during the last seven days have interrupted the incorporation of plots in several
locations of the national ag region. Nevertheless, there were scattered plantings in areas of Crdoba, Santa
Fe and Entre Ros, raising national progress to 4.3 % out of 4,100,000 Ha projected this year. Week-on-week
advance was only 1.5 %, and YOY delay posted -2.1% compared to a similar date last year. Overall, a little
less than 180,000 Ha were incorporated, 63% of which are concentrated in the three provinces mentioned
above.
There were some plantings in Cordoba, leveraged by good water supplies, or by weed controls on affected
plots. Toward the north of Santa Fe, plot incorporation is interrupted on account of lack of moisture over a
wide area comprised by Ceres, Margarita, San Justo and Videla. In the center of Santa Fe, there are plantings
on plots in low grounds with near-surface groundwater.

SOYBEAN
Soybeans harvest was interrupted in the last few days due to rainfalls on wide areas of the north of the
ag region. Likewise, in Buenos Aires and the south of Santa Fe, rainfalls also hampered harvest fieldwork.
Consequently, harvest progress posted only 2.8 % since last report, raising national harvested area to 90.3 %
of overall suitable area, maintaining a YOY advance of 16.5 %. Having collected more than 17.2 M Ha,
national average yield posted 3.33 Tn/Ha, accruing a partial volume next to 57.4 M Tn. Despite a scarce
harvest progress, yields obtained throughout the region continue to exceed expectations. If the trend
remains bullish, final production might reach above the 60,000,000 Tn currently projected.
Pending area concentrates on the extremes of the region; the NW and NE Areas combined comprise 47% of
pending harvest area, while the SE and SW of Buenos Aires-south of La Pampa concentrate 34 % of
remaining area.

SOYBEAN HARVEST
2014/15 Season
Hectareage (Ha)
Porcentage
Zone
Sown
Lost
Harvestable Harvested (%)
I
NOA
900.000
30.000
870.000
44,1
II
NEA
1.500.000
70.000
1.430.000
72,9
III Ctro N Cba
2.200.000
65.000
2.135.000
99,6
IV S Cba
1.700.000
45.000
1.655.000
98,5
V
Ctro N SFe
1.300.000
80.000
1.220.000
95,2
VI Ncleo Norte 3.270.000
150.000
3.120.000
100,0
VII Ncleo Sur
2.730.000
70.000
2.660.000
99,7
VIII Ctro E ER
1.250.000
70.000
1.180.000
98,8
IX N LP-OBA
1.850.000
100.000
1.750.000
91,7
X
Ctro BA
650.000
55.000
595.000
88,8
XI SO BA-S LP
520.000
45.000
475.000
59,7
XII SE BA
1.680.000
100.000
1.580.000
72,2
XIII SL
180.000
5.000
175.000
99,6
XIV Cuenca Sal
220.000
12.000
208.000
95,1
XV Otras
50.000
3.000
47.000
97,3
TOTAL
20.000.000
900.000
19.100.000
90,3

Hectares
Harvested
383.646
1.042.432
2.125.796
1.630.756
1.161.927
3.118.440
2.651.074
1.166.255
1.604.395
528.211
283.447
1.140.468
174.271
197.718
45.731
17.254.568

As of: May. 28, 2015


Yield
Production
(qq/Ha)
(Tn)
26,2 1.006.372
19,9 2.073.558
38,1 8.102.739
34,6 5.647.757
33,2 3.860.277
41,6 12.986.367
39,8 10.557.834
27,2 3.172.598
31,0 4.981.268
25,1 1.324.559
17,4
494.122
17,0 1.940.266
30,8
536.741
29,7
586.455
23,7
108.272
33,3
57.379.185

CORN
National corn harvest has covered 37.4 % of suitable area, yielding an average of 8.8 Tn/Ha, and accruing
a partial volume of almost 10.9 M Tn. Week-on-week advance posted only 1.9 %, partly due to rainfalls
observed during the last seven days in different locations of the ag region. YOY advance from last year was
reported as 1.6 %, but 36.4 % below the average advance between crop years 2001/02 and 2013/14. This
significant delay in harvest is mainly because most late planted plots still maintain a high moisture level.
Based on these factors, production estimation remains at 25,000,000 Tn this season.
Toward the south belt region, harvest covered 74 % of suitable area, with a local average yield of 10.1
Tn/Ha, and accruing a partial volume of 2.2 M Tn. In the north belt, having collected 78.8 % of the area, local
average yield remained at 10.48 Tn/Ha. In the north of La Pampa-west of Buenos Aires region, 49 % of the
area was harvested, yielding a regional average of 9 Tn/Ha. Simultaneously, producers are waiting for late
and second plots to dry.

CORN HARVEST
2014/15 Season
Zone
I
NOA
II
NEA
III Ctro N Cba
IV S Cba
V
Ctro N SFe
VI Ncleo Norte
VII Ncleo Sur
VIII Ctro E ER
IX N LP-OBA
X
Ctro BA
XI SO BA-S LP
XII SE BA
XIII SL
XIV Cuenca Sal
XV Otras
TOTAL

Sown
230.000
360.000
540.000
390.000
140.000
365.000
300.000
137.000
370.000
179.000
98.000
92.000
123.000
52.000
24.000
3.400.000

Hectareage (Ha)
Porcentage
Hectares
Harvested
(%)
Harvested
Lost
Harvestable
6.000
224.000
0,0
9.000
351.000
0,0
18.000
522.000
10,0
52.200
13.000
377.000
40,0
150.800
7.000
133.000
46,9
62.410
5.000
360.000
78,8
283.500
3.000
297.000
74,0
219.780
5.000
132.000
77,6
102.432
8.000
362.000
49,0
177.380
4.000
175.000
43,0
75.163
2.000
96.000
30,0
28.800
3.000
89.000
21,3
18.913
5.000
118.000
24,5
28.910
2.000
50.000
57,0
28.488
1.000
23.000
44,2
10.166
91.000
3.309.000
37,4 1.238.941

Buenos Aires, May 28, 2015

As of: May. 28, 2015


Yield
Production
(qq/Ha)
(Tn)
81
423.890
69
1.045.230
83
515.242
105
2.972.175
101
2.230.764
70
716.320
90
1.601.340
83
622.454
53
153.072
62
117.787
80
229.938
79
226.404
37
37.774
87,9
10.892.391

Buenos Aires Grains Exchange

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