Soybean crop forecast in Argentina lowered for the fourth time in a row

Soybean

Argentina

Published Mar 6, 2023

Tridge summary

Due to the ongoing drought in Argentina, experts from the Buenos Aires Grain Exchange in their report lowered the forecast for soybean production in the country in 2022/23 MY for the fourth time in a row, Reuters reports.

Original content

At the same time, experts did not specify the size of the reduction. However, the forecast for the oilseed crop, according to the latest estimates, is 33.5 million tons, which is significantly lower than the original forecast of 48 million tons. Also, according to the results of the crop tour, it was found that 62.2% of soybean sown areas are currently affected by drought. In addition, the lack of precipitation negatively ...

Source: Zol

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