The Buenos Aires Grain Exchange warned Argentina’s soybean production could fall below the current estimate of 42 MMT due to frosts over the past week. Frost this week came after cold temps at the end of March. Possible frost damage will be evaluated over the next few weeks and could affect the exchange’s soybean crop estimate. The exchange said 8.8% of the country’s soybeans were harvested. It did not warn of any possible changes to its corn production estimate of 49 MMT due to frost. Argentine farmers have harvested 17% of their corn crop. The exchange noted if weather conditions allowed, the sunflower harvest should wrap up within the next two weeks. It estimated the sunflower crop at 3.3 MMT.
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