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3/17/2021
BUENOS AIRES, March 17 (Reuters) - Rain storms this week in
Argentina s Pampas farm belt have slowed the deterioration of
many drought-hit soybean and corn fields, crop weather
specialists said on Wednesday.
Dryness has blighted Pampas since mid-2020, prompting the
Buenos Aires Grains Exchange last week to cut its soy and corn
harvest estimates. Soy and corn are Argentina s main cash crops. The rains have been very good. This has been the first
storm front to make a complete sweep of the agricultural area in
almost 45 days, said German Heinzenknecht, meteorologist at the
local Applied Climatology consultancy.
The rains dumped 35 to 50 millimeters of moisture, he said,
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Dryness wallops Argentina’s soy crop forecast, more cuts expected
Soy crops in key parts of Argentina’s farm belt have been hit by a yield-shriveling drought, spurring the Rosario grains exchange to slash its 2020/21 harvest estimate by 4 million tonnes to 45 million.
Analysts warned of more harvest forecast reductions ahead.
“February and the first 10 days of March did not provide significant rains to a large part of the central farm area. There are serious losses to yields and planted area. It is not yet possible to estimate the floor in terms of production,” the exchange said in its monthly crop report.
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