The drought began in May and continues to affect the Pampas plains, causing problems for the start of the campaign 2022/23 of the grain, after producing important losses in the wheat of the same cycle.
Drought: effects on the soybean crop
“The lack of water and the high temperatures of the last few weeks left numerous lots of soybeans in critical conditions. Most of these lots are located in the east and SW (southwest) of the core region,” said the Stock Exchange, noting that 4.1 million hectares of early soybeans have been planted in the area.
The Buenos Aires Grain Stock Exchange on Thursday noted that 2022/23 soybean planting in Argentina is 29.1% complete and that it registers a delay of 17.2 percentage points with respect to the implantation rhythm of the previous season due to the drought.
And, although, for the whole country, the Stock Exchange foresees an area of 17.1 million hectares, with a harvest of close to 48 million tons, above the 42.2 million harvested in the previous season, the most What is worrying is that, for the first week of December, higher than normal temperatures are expected and a continuation of the lack of rain pattern.
This strongly affects the projections of the harvest and, therefore, also raises fears for the continuity of the BCRA reserve accumulation process, especially in a context in which the goals of the International Monetary Fund (IMF) place very strong demands on it. in this sense to the economic team and taking into account that export settlements were carried out throughout this year. These variables make it key for Argentina that the coming campaign is affected downward by weather conditions.
Source: Ambito
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