Argentina Drought Forces Bourse to Cut Soy, Corn Crop Forecasts
- Nation’s most important crops will be 2% smaller than expected
- Rain expected to fall last week didn’t materialize in Pampas
Soybean plants in a dry field at a farm in Rosario, Argentina on, Jan. 15, 2025.
Photographer: Sebastian Lopez Brach/BloombergThis article is for subscribers only.
A drought in Argentina is eating into the country’s most important crops.
Rains that were expected to fall on the Pampas growing belt last week were too spotty to help plants recover. As a result, the Buenos Aires Grain Exchange cut its forecast for the South American nation’s corn and soybean crops by 2%, according to the bourse’s weekly report.