RIO DE JANEIRO, BRAZIL - Argentina is the world's largest exporter of soybean meal and oil and the second largest exporter of corn. However, farmers have been recently choosing the cereal over the oilseed due to the crop's greater flexibility, which reduces drought-associated risks.
The Buenos Aires exchange estimated the soy crop at 44 million tons in its annual presentation, slightly higher than last year.
Esteban Copati, head of the exchange's Agricultural Estimates Department, pointed out that the corn planting area will grow for the 8th consecutive year to about 7.1 million hectares, up from 6 . . .