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Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down

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Lack of water has cut January projection by 5.5m tons in soybeans, which stands at 46.5m tons, and 4.9m tons of corn, which stands at 35 million tons The lack of rain triggered by the La Nina weather phenomenon has prompted the Rosario Exchange to cut its forecast of Argentina’s 2017/2018 corn and soybean crop by 12% and 10%, respectively, making it one of the most bearish analysts in the market.

Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down Reviewed by Shahid Karimi on February 26, 2018 Rating: 5

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