The Argentine stock exchange sharply lowered the forecast of soybean production and corn
the experts of the Grain Exchange Buenos Aires in the weekly report lowered the forecast of soybean production by 3 million tons to 47 million tons and corn by 2 million tonnes to 37 million tonnes, compared with togoron harvest 57 million tons and 41 million tons respectively.
Adjustment made after the change of private forecasts and analysts reduce the Rosario exchange estimates soybean crop to 46.5 million tons of corn and up to 35 million tons.
in Spite of light rain early in the week in and around Buenos Aires, the soil remains dry. Irreversible damage caused by the drought, over the next weeks is likely to increase. In the main production regions of Argentina – Cordoba, Santa Fe, entre Rios, there is the risk of loss of the greater part of soybean crops.
corn Crops are in a critical phase of yield formation, so in the near future it will become clear what you can hope for.
Weather conditions prevailing in Argentina, have been the worst in 10 years. Through a four-month drought is scheduled for planting of 18.5 million hectares of soybeans were sown only 18 million hectares.
In comparison with last year's figures estimate soybean yield decreased from 3.2 to 2.68 t/ha and corn from 7.35 to 6.44 t/ha.