Heavy rainfall in Argentina improves corn, soybean crop prospects
Published 2024년 1월 22일
Tridge summary
Recent rainfall in Argentina has boosted the country's corn and soybean production prospects, leading to an increased forecast for 2023/24 MY. According to Refinitiv Commodities Research, corn production is now expected to reach 56.7 million tons, an increase of 1.3 million tons, and soybeans are forecasted to hit 50.4 million tons, up by 1.2 million tons. However, the heavy rainfall also poses a risk of flooding in some regions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Recent rainfall in Argentina has improved the outlook for the country's corn and soybean production, according to Refinitiv Commodities Research. Taking into account increased soil moisture and the improvement in the condition of crops of these crops in the main production regions, the forecast for corn production in 2023/24 MY was increased by 1.3 million tons, to 56.7 million tons, soybeans - by 1.2 million tons, to 50 .4 million tons. It is also noted that in the short term, rains at relatively low air temperatures will ...
Source: Zol
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