[glt language="Spanish" label="Español" image="yes" text="yes" image_size="24"]

Argentina Soy Forecast Slashed 24% to 37m Tons, Rosario Says
2023-01-12 12:57:39.619 GMT

By Jonathan Gilbert
(Bloomberg) —
A severe drought means the Rosario Board of Trade is estimating the soy crop at 37m metric tons, compared with an early-season forecast of 49m, it says in a monthly report.
* That would be the smallest harvest since 2018
* Soy and corn are growing in the driest conditions in more than 60 years
* 1.1m hectares (2.7m acres) of planned soy planting didn’t happen because fields were too dry
* On farms where seeds did go in the ground, without widespread, abundant rainfall there could be huge losses
* Rosario also set a corn estimate of ~45m tons vs. its early- season forecast of 50m
* NOTE: Drought Threatens Argentina Soy Crop as Nation Turns to Brazil
* NOTE: Satellites Suggest Argentine Soy Crop Will Be Lowest Since 2018

To contact the reporter on this story:
Jonathan Gilbert in Buenos Aires at jgilbert63@bloomberg.net
To contact the editors responsible for this story:
David Marino at dmarino4@bloomberg.net
Danielle Chaves

To view this story in Bloomberg click here:

Suscríbete a nuestro boletín

Mantente informado de todas las novedades, proyectos y actividades...