Heatwave in Argentina raises caution about bumper soybean and corn harvests

Published 2024년 2월 2일

Tridge summary

Argentina, a major exporter of processed soybeans and the third-largest exporter of corn, is facing concerns over the development conditions of its grain crops due to a heat wave and dry weather. The country is still recovering from a drought-affected harvest last season, and the current weather conditions have led to a deterioration in crop and soil conditions. The percentage of soybeans in 'very good to excellent' condition has dropped from 90% to 65%. Rainfall is urgently needed to ensure the crops remain on track for a successful harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BUENOS AIRES (Reuters) - A heat wave with dry weather in Argentina has generated warnings about the development conditions of grain crops and the need for rain so that soybean and corn crops remain on track to obtain abundant harvests. The South American country, one of the world's biggest exporters of processed soybeans and the third-largest exporter of corn, is recovering from a drought-hit harvest last season, with the El Niño weather pattern bringing better rainfall. The corn harvest is expected to be record. However, with plantations in important stages of development, a period of hot and dry weather, with temperatures approaching 40 degrees Celsius, caused crop and soil conditions to deteriorate, with more days of hot and dry weather to come. front. "First class soybeans were doing very well until this week when the heat set in and the lack of rain began to manifest itself in lower quality lots," the Rosario grain exchange said in a report, adding that this was happening in ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.