farmers field grain happy

Rains bring relief for Argentinian soybean crop

Mintec Global
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Heavy rains brought relief to Argentina’s main agricultural areas over the weekend. The rainfalls broke several weeks of dry weather and caused the Rosario Grain Exchange to lower its soybean and corn production forecasts.

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Hermann Heinzenknecht, a meteorologist with the Applied Climatology Consultative Agency (CCA), said the showers came as expected, reaching 15-60 millimeters in Argentina’s agricultural belt on Saturday and Sunday.

“This is what we expected,” Javier Dominguez, a farmer from Buenos Aires province, told Reuters, saying the rains would help restore damaged soybean fields and plots that had not yet been planted.

Last week, the Rosario Grain Exchange lowered its forecast for Argentina’s soybean crop in the 2021/22 marketing year to 40 million tons from 45 million tons.

However, recent rains will be followed by below-average temperatures, which should bring additional relief in the coming days, Heinzenknecht said.

“Of course, there will be losses in agriculture because of the drought, but these rains are interrupting it. If they had come a few days later, the forecast would have been very different,” Javier Dominguez summed up.