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Argentine Drought Risks Soybean Crops

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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.