The Rosario Grain Exchange said 100,000 hectares of soybeans in Argentina’s core production area were lost due to “irreversible stress symptoms” after extreme heat that lasted two weeks. The figure is equivalent to 10% of double-crop soybeans planted after wheat. The exchange estimated 500,000 hectares in total in that core zone were in fair to poor condition, with one-fifth of that amount considered to be lost. The fair-to-poor rating went from 10% to 26% in a week. It noted 40% of the area is in good condition and 10% was very good.
A recovery of crops depends on how much and when it rains in the region, the exchange noted.
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