According to information from the grain exchange in Rosario, strong rains occurred in Argentina last week, which had a positive impact on the condition of agricultural crops, especially soybeans. This was particularly important after high temperatures and a lack of moisture in January, Reuters reports. The precipitation expected next week will be a decisive factor in stabilizing the sowing situation.
The grain exchange report states that the rains in the central regions of the country were more abundant than expected and distributed more evenly than in previous times. These rains came at a critical period for the development of soybean crops, which are planned to be harvested from May.
Earlier, dry weather led to a reduction in the yield forecast and an increase in soybean prices on world exchanges. Now, thanks to abundant rainfall, experts expect a revision of forecasts towards an increase in yield.