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Argentina’s weather woes add to concerns that the world’s 2022/23 crop cycle won’t be able to replenish depleted global supplies of many agricultural commodities
Gro yield forecast models currently point to a sizable decline in Brazil's huge soybean crop, which could depress global soybean ending stocks to levels not seen since 2015/16.
Argentina will limit exports of corn and wheat in the next marketing year, potentially forcing importers, especially in Asia, to seek out alternative sources, even as Argentine production of corn and wheat is expected to reach a record.
La Niña is wreaking havoc on East Africa, causing drought and threatening crops in some of the continent’s most important grain producing countries.
Drought Threatens East Africa’s Biggest Grain Producers