2022/23 Argentina soybeans continue to deteriorate

It was another hot and generally dry week last week in Argentina. That coupled with the effects of the frost several weeks ago led to another downgrade of the soybean crop. The crop is now rated just 2% good/excellent and 67% poor/very poor. Any rainfall this week will be focused across the southern production areas. Limited rainfall across central Argentina will maintain significant stress on late planted crops. High temperatures and a lack of rainfall continues to impact the soybeans where approximately two-thirds of the crop is in the critical reproductive phase. Last week, some cities registered temperatures as high as 40°C (104°F). The city of Buenos Aires hit 38°C (101°F) last week breaking the record set in 1952. The temperatures in Argentina have been very erratic, just three weeks ago we were talking about record low temperatures and localized frosts. Speaking of frost, the low temperatures appear to have caused some damage to the upper one-third of plants in parts of ...