Argentina’s corn and soy may see rain next week after historic drought

Published Mar 19, 2023

Tridge summary

Argentina's agricultural sector is expected to receive much-needed rainfall next week, according to the Buenos Aires Grains Exchange, following a severe drought due to the La Nina weather phenomenon. The rains, expected to total between 0.4-3 inches, could mark the beginning of a return to normal after the drought that has plagued the country for nearly a year. However, cold and dry polar winds are also expected in the country in the coming week. The La Nina climate pattern is predicted to shift to a "neutral" position, potentially bringing back some rains. The most significant impact of the drought has been on the soybean harvest, which is projected to be the lowest in nearly a quarter of a century.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina’s corn and soybeans may receive desperately needed showers next week, the Buenos Aires Grains Exchange said on Thursday, which could be the start of a slow return of rains after a historic drought that has wreaked havoc on crops. Rainfall could total 10 millimeters to 75 millimeters (0.4-3 inches), with some areas seeing up to 100 millimeters, according to a report from the exchange. Argentina’s agricultural producers have been hit by the severe drought, and this season’s soybean harvest is estimated to top out at 27 million tonnes, the lowest in nearly a quarter of a century. The rains are forecast for Monday and Tuesday, meteorologist German Heinzenknecht said. The rains could mark the beginning of a return to normal following the drought that has been going on for nearly a year due to the La Nina weather phenomenon, Heinzenknecht said. “With the change of seasons at the end of March, and through April, we’ll see more frequent rainfall,” Heinzenknecht said. The La Nina ...

Source: Hellenic Shipping News