The state of the Argentine soybean crop, and corn very bad
According to Grain Exchange Buenos Aires, even after several weeks of rain the condition of the majority of soybeans and maize in Argentina is estimated as poor or very poor.
In a stressful condition are 565 soybeans, of which 37.6% in the bad and 18.4% in very poor condition. Only 11% of crops is estimated as good.
Even worse is the situation with crops of corn, of which in good condition are 14,3%, bad – 33,3%, in very poor 24.3 percent.
during the past weeks in the region had received rainfall of varying intensity, but they are unable to compensate for the lack of moisture in the soil, reported in the weekly report BAGE.
Today in the state between the ordinary and the poor remain more than 13 million hectares of soybeans, corn and sunflower.
For the last two weeks of soy beans rose by 12% on fears of a reduction in Argentina, which is the largest exporter of soy cheese, recycling rates for bad soybean crop.
Experts BAGE left the rating of the soybean crop in Argentina at 50 million tonnes, which is the most bearish Outlook in the market.