Latest News

Hot Argentine summer season is beginning to harm crops, exchanges state

A hot, dry austral summertime is beginning to cause damage to Argentina's 2024/25 soybean and corn crops, the country's 2 primary grains exchanges said on Friday, after plentiful spring rains had until just recently provided excellent growing conditions.

Argentina is the world's largest exporter of soybean oil and meal and the third biggest exporter of corn, along with a major wheat provider. Until a couple of weeks earlier, the Buenos Aires grains exchange (BdeC) had reported practically no indications of crop damage thanks to wet spring weather.

As summertime started in late December, however, it started to see effect on crops of high temperatures and scarcer rains.

The Rosario grains exchange (BCR) stated north-east of Buenos Aires province and southern Santa Fe province had actually seen simply 35 millimeters (1.38 inches) of rain in December, well listed below the month-to-month historic average of 110 millimeters.

There is a great deal of issue in this sector because water reserves go from shortage to dry spell, analyst Marina Barletta stated in the BCR report.

For corn crops, farmed in the southern section of Argentina's farming heartlands, BdeC said that symptoms of water tension are beginning to be observed, such as yellowing of the basal leaves with possible yield losses.

Corn farmers have up until now planted 87% of 6.6 million hectares ( 16.3 million acres) of soybean forecast by the BdeC, and 93% of an estimated 18.4 million hectares of soy fields.

For soy, BdeC said that the area of croplands that benefited from sufficient to ideal water conditions had actually shrunk by 7 portion points to 81% of the overall planted area.

In spite of the hot weather, BdeC stated the 2 essential crops are typically progressing well thanks to the plentiful moisture from the last months of 2024.

Argentina's wheat season is almost complete, the exchange added, stating that farmers have now collected 95% of an estimated 18.6 million tons of wheat.

(source: Reuters)