BMI View: Despite significant downgrades to wheat production, it appears that the 2012/13 Argentine grain crop will come in above average, largely due to improvements in soybean and corn production. We expect wheat to show the most production growth over the long term, although this will largely be a function of base effects. We believe country’s livestock sector will improve in 2012/13, as lower grain prices and larger cattle herds are likely to spur beef production. Over the long term, we expect the poultry sector to show the largest growth owing to domestic and international demand. As ever, the key …
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