South America Calling
Fri Jun 19, 2015 01:50 PM CDT

With the window for planting long-cycle wheat coming to a close, it is becoming obvious that farmers aren't going to plant as much of the cereal as many analysts expected.

Sharply rising costs and disappointing prices are the main reason area will fall, but poor soil moisture levels in large parts of the north, Santa Fe and Cordoba provinces are aggravating factors.

As a result, this week the Buenos Aires Cereals Exchange lowered its 2015 wheat forecast to 3.9 million hectares (9.6 million acres), down 1.5% on the year before.

Further south soil moisture remains good, allowing planting to move ...

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