The Buenos Aires Grain Exchange cut its Argentine soybean crop estimate by 1.5 MMT to 21 MMT as yields remain even lower than expected. The exchange kept its corn production forecast at 36 MMT.
The exchange rated the Argentine soybean crop 4% good/excellent (unchanged from the previous week), 40% fair (up three points) and 56% poor/very poor (down three points). It rated the country’s corn crop 4% good/excellent (up two points), 43% fair (up one point) and 55% poor/very poor (down two points).
