Argentine soy, corn crop estimates cut due to dry conditions, exchange says

The country’s Pampas farm belt has suffered unusually dry weather since the middle of 2020. A recent heatwave combined with low rainfall has exacerbated the situation.

RIO DE JANEIRO, BRAZIL - Argentina is expected to harvest 44 million tonnes of soy and 45 million tonnes of corn this season, below the previously forecast 46 million tonnes for each crop, due to dry conditions, the Buenos Aires Grains Exchange said on Thursday, March 11th.

The country’s Pampas farm belt has suffered unusually dry weather since the middle of 2020. A recent heatwave combined with low rainfall has exacerbated the situation.

“Early-planted soy fields are approaching harvest with expected yields below historical averages. Late-planted soy is seeing losses of harvestable area due to pest attacks and . . .

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