Argentina's soybean areas flooded more rains expected

Heavy rains have hit last weekend Argentina's soybean cultivation at the wrong time. It is feared that the harvest takes damage and that in a year where the acreage was driven back anyway in favor of corn.
More than 97% of the planned 19.3 million hectares of soy land have so far ordered. The sowing was in southern Santa Fe and the province Northwest of Buenos Aires by violent storms with heavy rain hampered. There, over 50% of farmland are flooded. The commodity exchange Rosario grains Exchange already last week announced that 30% of good 19 million hectares due to the wet conditions the signs are on alert. In the center of the storm, 150 mm of rain on square metre fell on the weekend.
The Department of Agriculture announced last week yet, that you expect a crop of 56 million tons, according to 58.8 million tons in the season 2015/16. The area under cultivation was reduced this season and for more wheat and corn is grown. For these two fruits, there are no export restrictions more and also no export duties.
Of all crops, the late sown soybean responds most vulnerable to recent storms. Forecasters expect that there will be more rainfall in the regions affected from January 20.

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