Argentina: 2011/12 wheat production seen lower on year

According to the US agricultural attaché, wheat production in marketing year 2011/12 (Dec./Nov.) is now estimated at 14.0 (previous estimate 13.0; previous year 15.8) mln t. Exports are seen unchanged on year at 9.5 mln t, while food, seed and industrial use is estimated slightly higher at 6.0 (previous year 5.9) mln t, and ending stocks lower at 1.3 (2.8) mln t.
(USDA, Jan. 30, 2012)