Argentine Drought Risks Soybean Crops

23 Oct 2013 by Local Press Report

Argentina’s drought has become “critical” in almost all of the country’s northern oilseed and grain growing regions, with risks to crop forecasts for soybeans and sunflower seed, industry researcher Oil World said. Center and northern Santa Fe province is experiencing the worst drought in 50 years, affecting about 24.7 million acres, Hamburg-based Oil World wrote in an e-mailed report. Soybeans slipped about 8 percent this year in Chicago on an outlook for bigger crops in the U.S. and Brazil. World output of the oilseed is predicted to climb to 281.3 million tons in 2013-14 from 267 million tons, according to Oil World...

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