Abundant rains bring relief to Argentina's soybean and corn crops
Soybean
Published Feb 8, 2024
Tridge summary
Argentina, a leading global supplier of processed soybeans, corn, and wheat, is expected to see a boost in its current soybean and corn harvests due to predicted significant rainfall in its main agricultural regions. The Buenos Aires Grain Exchange forecasts the 2023/24 harvest to yield 52.5 million tons of soybeans and 56.5 million tons of corn. This comes as a relief following recent dry conditions and high temperatures. Harvesting is set to commence in April.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
BUENOS AIRES (Reuters) - Argentina's main agricultural regions will receive significant rainfall in the coming days, the Buenos Aires Grain Exchange (BdeC) announced on Wednesday, adding that this should boost the country's current soybean and corn harvests. In recent weeks, the country's main agricultural areas have suffered dry conditions and high temperatures during the Southern Hemisphere summer. The South American agricultural powerhouse is a top global supplier of processed soybeans, corn and wheat, and yields from key cash crops are an important source of hard currency for the central bank's depleted foreign reserves. Heavy rains at the end of last year boosted the country's expected grain production, but then, in the second half of January, drier and hotter conditions came. The BdeC expects the 2023/24 harvest to produce 52.5 million tons of soybeans and 56.5 million tons of corn. The grain exchange noted in its weekly weather report that over the next seven days, most of ...
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