11.
01.17
10:31

Argentina benefited from dry weather period

In Argentina, dry weather is predicted for this week. End of December to early January there had been heavy rains in the corn belt have saturated the soil with water. Now corn and soybeans are likely to recover from the stress, so the weather experts.
Argentina is the third largest soybean exporter and the number one export of soybean oil and soybean meal in the world.
Until next Sunday, before then new rain should remain dry. A meteorologist but said that in parts of soybean cultivation two weeks drought with Sun is needed to reach again ordinary States.
According to the Buenos Aires grains Exchange, all 19.3 million hectares of soybeans are seeded. A spokesman for the Stock Exchange expects that rainfall in the coming week will be less intense and are likely to cause no further damage.
Soybean prices reflect off a portion of the profits from yesterday on the CBoT to the hour, which encouraged institutional investors to purchase due to the weather in South America. Dealers feared that Brazil and Argentina would harvest as many soybeans as previously expected.

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