Concerns grow over Argentine soybeans

Too much global supply; internal problems to accumulate reserves. That is the equation that most worries the national government. The collapse of the international price of soybeans was strengthened after the report of the United States Department of Agriculture (USDA) was known, which projected a record harvest of the oilseed. The country in the north of the continent is the second largest producer of soybeans in the world, behind Brazil (Argentina is the third but with a harvest three times smaller). The projection of the American organization indicates that, in the next campaign, an estimated harvest of 125 million tons is expected, against the 147 million that Brazil would produce. August is usually an important month for the development of the soybean harvest in the Northern Hemisphere, and market operators put under the magnifying glass what happens in the Midwest of the United States - the main productive area of this country - which until now is expected to be largely ...