Concern grows over soybean harvest in Argentina after new rains

Published Apr 16, 2024

Tridge summary

Recent heavy rains in Argentina have led to concerns about the impact on the 2023/24 soybean harvest, with waterlogged fields delaying harvests and increasing the risk of disease and over-ripening, according to Cristian Russo from the Rosario Stock Exchange (BCR). The rainfall, reaching up to 140 millimeters in some areas, has prompted a reduction in the soybean harvest estimate to 51 million tons, following a heat wave. However, the BCR also notes that the current moisture levels could positively impact the 2024/25 agricultural cycle, especially for wheat sowing, despite predictions of a drier year due to the potential onset of the La Niña climate phenomenon.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BUENOS AIRES, April 15 (Reuters) - The passage of a prolonged rain front in the agricultural heart of Argentina increased fears of productive losses in 2023/24 soybeans due to delays in its harvest, the head of agricultural estimates at the Rosario Stock Exchange (BCR). The rainfall, which began on Friday and continued on Monday, totaled a floor of 70 millimeters in most locations in the Argentine agricultural heartland, with peaks of 140 millimeters in some parts, according to the BCR. These rains add to the between 200 and 400 millimeters of water that fell last month - above normal values -, making it difficult for harvesting machines to enter many fields, with the risk, over time, of losses due to diseases or the ripening of beans in the pods. "There is beginning to be a lot of concern about the soybean harvest because there are many areas that have not finished drying. It is a lot of water," Cristian Russo, the head of agricultural estimates at the Rosario Stock Exchange, ...
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.