With respect to corn, the Stock Exchange pointed out that although it made a major adjustment in your calculation harvest for cereal, has not yet analyzed the negative impact that the heat wave and recent frosts had on crop productivity.
The drought that shakes the Argentine agricultural sector is according to the Rosario Stock Exchange the worst in the last 60 years. According to the BdeC, the harvest of wheat 22/23, whose harvest has already ended, was 12.4 million tons, almost half of the 22.4 million produced in the previous cycle.
The reasons for the lowering of estimates
Since the forecasts were made at the beginning of the campaign, the agricultural production was devastated by a historic drought to which was added, in recent weeks, a heat wave and early frosts. This occurs within the framework of a time of year in which many plants are still developing their yields.
“Early frosts on the western margin of the agricultural area next to the lack of precipitation and heat stroke registered during the beginning of this month reduce our estimate to 33.5 million tons”said the BofCin its weekly crop report.
Source: Ambito
