Argentinean farms have stopped harvesting corn and soybeans due to heavy rainfall in the central grain belt. The rain improves the soil conditions for the sowing of wheat in May.
Harvesting has so far benefited from sunny weather in the past month. The farmers were therefore able to harvest half of their soybean crop and 1/3 of the corn harvest. Since the past weekend, unusually violent storms have interrupted the harvesting work in the pampas. Nothing has been going northeast of the Buenos Aires region since Saturday. The weather forecast suggests that the rains will subside now. It may be possible to start harvesting again soon.
Argentina is No. 1 in the export of soybean meal and No. 3 in the export of corn and soybeans.
The water masses made some roads impassable in some parts of the country. In some fields, the heavy harvesting machines get stuck in the modder. It may take four to seven days to get there again. The rain now improves the soil conditions before sowing wheat. Sometimes it was too dry for that.Similar to this country, the Argentine grain belt had hardly rained in April.
Argentina's farmers now want to order 6.7 million hectares of winter wheat. The previous year it was 6.6 million hectares, according to the Buenos Aires Grains Exchange.
So far, the South American country is expecting a soybean harvest of 49.5 million tons and a corn harvest of 50 million tons.
Source
Hansa Terminhandel GmbH
