One year after the drought, now the rain complicates the harvest in Uruguay and Argentina

Frequent and intense rains are complicating the harvest of summer crops in Uruguay and Argentina. The prospects for obtaining high yields in both corn and soybeans remain, but farmers see the logistical windows shrinking, both for threshing and preparing for winter planting. At the same time, the grain market closed for a week with prices at rise, particularly in the case of wheat, which rose almost 10% in the December position at the end of the week: from US$ 223 to US$ 244 per ton.Blasina y AsociadosWheat has been rising sharply for seven days in a row due to the dry weather in parts of southern Russia and the central United States, plus frosts in parts of Europe that led the European Commission to cut its harvest estimate to a four-year low, down to 120.2 million tonnes, underscoring a drop in the area after sowing was interrupted by rain. Although these prices have not had their correlation even in the prices for wheat from the first harvest offered in Uruguay, they do have a ...