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Hot Argentine summer is beginning to damage crops, exchange says

A hot, dry austral summer season is starting to cause damages to Argentina's 2024/25 soybean and corn crops, the Buenos Aires grains exchange stated on Friday, after it had actually reported practically perfect growing conditions thanks to abundant spring rains.

Argentina is the world's biggest exporter of soybean oil and meal and the 3rd biggest exporter of corn, in addition to a significant wheat provider. Till a couple of weeks ago, the exchange had reported virtually no signs of crop damage thanks to damp spring weather.

Nevertheless, as summertime started in late December, it started to see effect on crops of heats and scarcer rains.

For corn crops, farmed in the southern area of Argentina's agricultural heartlands, the exchange stated that signs of water stress are starting to be observed, such as yellowing of the basal leaves with possible yield losses.

Corn farmers have actually so far planted 87% of 6.6 million hectares of soybean forecast by the exchange, and 93% of an approximated 18.4 million hectares of soy fields.

For soy, the exchange stated that the area of croplands that taken advantage of appropriate to optimum water conditions had actually diminished by 7 portion indicate 81% of the total planted location.

Despite the hot weather, the exchange said the 2 crucial crops are generally advancing well thanks to the abundant wetness from the last months of 2024.

Argentina's wheat season is nearly complete, the exchange added, stating that farmers have actually now collected 95% of an approximated 18.6 million lots on wheat.

(source: Reuters)