Argentine rains speed sowing, but more needed--exchange
* Delayed soy sowing advances where moisture allows
* Corn plantings near conclusion, crops need more rain
* Wheat output could exceed 12.7 million tonnes
This week's rains also helped the nation's farmers forge ahead with corn sowings in much of Cordoba, north-central Santa Fe and northern provinces, but young crops need more rain to guarantee healthy development, the exchange said.
By Thursday, farmers had planted 81 percent of the 3.15 million hectares estimated for commercial-use corn seeding this season, advancing 8 percentage points from the previous week and beating last year's pace by 4.2 points.
However, dryness in key corn-farming regions such as northern Buenos Aires province and southwestern Entre Rios are starting to affect crops.
"The rains in these areas have not been beneficial during November, which means more are needed to improve crop conditions," the exchange said.
Argentina's agriculture minister has forecast record corn production of 26 million tonnes this season, slightly above the 25 million tonnes forecast by the U.S. Department of Agriculture (USDA).
Wheat harvesting advanced swiftly this week and yields have been higher than expected, the exchange said, maintaining its forecast for production of 12.7 million tonnes -- 38 percent more than in the last drought-hit season.
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