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.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich