Argentine farmers are simply not offering their crops for export. A primary reason for this lack of selling is the spread between the official and the black market rates for the peso. Rainy Season in Argentina Heavy rains fell north of Buenos Aires and south of Entre Rios during the first days of February (see map below). Some areas have received more than 300mm in two days, which is producing some flooding. Some exporters estimated that about 1 million hectares could be under water.The longer-term effect on the crops is not yet clear. The situation could improve with the return of some hot and sunny days. Unfortunately, however, more rains are expected this week.Cordoba and Santa Fe also received some rains that should help in the develo...