No Relief for Argentine Crops Some meteorologists indicate this year’s summer growing season is turning out to be the driest in Argentine history. The only saving grace is that the soils were mostly very moist at planting time, and it will be a while before the drought’s impact is evident. After the driest February in decades along with high temperatures, however, the soybeans are in terrible shape. Last week the Buenos Aires Grain Exchange rated 45.3 percent of the crop as very poor, 30.7 percent as poor, 21.1 percent as fair and 2.9 percent as good or excellent. 72 percent of early-planted soybeans and 85 percent of those planted later were considered poor or very poor. Because of the drought, several analysts have sharply r...

TAGS – Soy & Oilseeds, India, North America, South America