News

New rains for Argentine soybean harvest raise concerns, says stock exchange

Soybean
Argentina
Sustainability & Environmental Impact
Market & Price Trends
Published Apr 16, 2024

Tridge summary

Recent heavy rains in Argentina's main agricultural region have raised concerns about potential production losses for the 2023/24 soybean harvest, due to waterlogged fields delaying harvesting and increasing the risk of disease. Cristian Russo from the Rosario Stock Exchange noted the challenges for harvesting machinery and the reduction of the soybean harvest estimate to 51 million tons following a heat wave. However, there is optimism that forthcoming dry conditions may alleviate some issues. The rainfall, while problematic now, is expected to benefit soil moisture reserves, positively influencing the 2024/25 wheat sowing season and future soybean and corn planting.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Maximilian Heath BUENOS AIRES (Reuters) - The passage of a prolonged rain front in Argentina's main agricultural region has raised fears of production losses in 2023/24 soybeans due to harvest delays, said the head of agricultural estimates at the Rosario Stock Exchange (BCR) this Monday. The rains, which began on Friday and continued on Monday, reached at least 70 millimeters in most locations in Argentina's agricultural heartland, with peaks of 140 millimeters in some parts, according to BCR. These rains are in addition to the 200 to 400 millimeters of water that fell last month, making it difficult for harvesting machines to enter many fields, with the risk, over time, of losses due to disease. "There is starting 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, head of agricultural estimates at the Rosario Commerce Exchange, told Reuters. "Everything will depend on the passing ...
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