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The weather and lower prices lower agricultural expectations in Argentina

Soybean
Published Feb 28, 2024

Tridge summary

Argentina's anticipated 'super harvest' of soybean and corn has been negatively affected by a heat wave and falling international grain prices. The soybean harvest is now projected to be around 49.5 million tons, a decrease from the initial 52 million tons, while the corn harvest is expected to be 57 million tons, down from 59 million tons. Despite these challenges, the harvest is still predicted to surpass the 2022-2023 agricultural campaign, which was heavily impacted by drought.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Buenos Aires, February 27 (EFE).- Climatic factors and the drop in international grain prices ruin the forecasts of a 'super harvest' and extraordinary income in Argentina, but, even so, the result will be much better than that of the very poor 2022-2023 agricultural campaign. Argentina, one of the world's largest producers and exporters of grains and derivatives, will have a smaller soybean and corn harvest than initially projected due to the heat wave that occurred in January and February and at a time when international soybean prices Both crops - the main ones in the South American country - are in decline. In recent days, the Stock Exchange of the Argentine city of Rosario (BCR) cut its projections for the soybean and corn harvests of the 2023-2024 agricultural campaign. According to new estimates, the soybean harvest will be around 49.5 million tons, up from a previous projection of 52 million tons. For corn, a harvest of 57 million tonnes is now forecast, up from a previous ...
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