Nov 02, 2022
2022/23 Argentina Corn 22% Planted vs. 33% Average
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Rains favored eastern Argentina over the weekend. The rains may have improved the soil moisture a bit, but moisture remains short across much of Argentina. Rains will be sparce across much of Argentina this week which will increase stress on corn germination and early growth. There are improved chances of rain in the 6-10 day period. The 2022/23 planting season in Argentina continues to get off to a problematic start.
Normally, the early corn planting window would close at the end of October, but this is not a normal year. The rains last week, which were probably the best of the spring thus far, will probably encourage farmers to extend the planting widow of the early planted corn.
In the end though, it is expected that some of the intended early corn will be planted during the second phase starting in late November or early December. Generally, late planted corn yields 10-15% less than early planted corn, but that can vary greatly depending on the weather.
The corn in Argentina was 21.8% planted as of late last week compared to 27.6% last year and 33.4% average. This represents an advance of 4.8% for the week. In the core production area, the corn was 65% planted with 20-30% planted in southern Argentina and 0% planted in far northern Argentina. The planting of the early corn was 51.5% compared to 58.1% last year and 62.1% average.
The corn in Argentina is rated 35% poor/very poor, 55% fair, and 10% good/excellent. The good/excellent percentage is unchanged from the prior week. The soil moisture for the corn is rated 42% short/very short and 58% favorable/optimum. The favorable/optimum percentage is up 8% from the prior week.