:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/NUVH5LVXZFG2TGQ53CY6A7YKFY.jpg "Due to the drought, the Grains Market has again reduced its estimates for the soybean and corn harvest")
The drought does not give respite to the campaigns and the current campaign complicates the two main productive complexes which bring in foreign currency through their exports: the military and the but.
Argentina is going through its worst drought in 60 years: what are the differences with the previous ones
Three consecutive years of water shortage have led to the disaster of the two main annual crops. The estimated losses, only partially offset by international prices
Today, in its weekly report, the Agricultural Estimates Department of the Buenos Aires Grain Exchange adjusted downwards again their estimates of soybean and corn harvests. In the case of oilseeds, the current estimate is 33.5 million tonnes, while last week it was 38 million; and in the case of cereals, a total production of 41 million tons is expected, 3.5 million tons less than 7 days ago.
In the case of soybeans, the estimated reduction is 4.5 million tonnes from last week’s report. According to the technicians of the entity, the reduction was the consequence of the early frosts of last Saturday, the high temperatures and the lack of rain. Also, with regard to the areas most affected by low temperatures, the specialists of the entity have stated that they are San Luis, south of Córdoba and north of La Pampa-west of Buenos Aires , where second-order soybean fields are the most impactful. . “The severity of the damage will be assessed over the coming weeks and depending on the impact on the frames still standing, the current production estimate may undergo a further update,” they added.
“The panorama is very worrying”: the weather does not let go of the campaign and the soybean and corn campaign is complicated
In addition to the lack of precipitation and the high temperatures of the past few weeks, there are now frost forecasts for tomorrow. Harvest prospects for the two summer crops that bring the most foreign exchange to the economy are uncertain
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