Argentina’s Crops Expected to Recover After 2018 Drought

Following the severe drought in 2018, Argentina’s production of corn and soybeans is projected to recover fully in 2019. The United States Department of Agriculture (USDA) increased its estimate for corn production in the South American country to 47 million metric tons, which amounts to an increase of 50% compared to 2018. Nearly 30.5 million metric tons of that volume would be exportable. Locally, the Buenos Aires Cereal Exchange foresees a corn harvest of 46…

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