In Ukraine, UkrAgro Consult reported that hot and dry weather in Argentina is threatening corn and soybean yields.
In recent days, air temperatures in the country have climbed to nearly 40°C, while key agricultural regions are in urgent need of rainfall. However, no significant improvement is expected until February, according to the report.
“This heat will reduce corn yields,” said meteorologist German Heinzenknecht, adding that production forecasts are likely to be revised downward, with early-planted corn crops expected to be hit hardest.
The drought has struck as farmers are close to completing planting. According to the Buenos Aires Grain Exchange, 93.1% of the planned corn area and 96.2% of the soybean area have already been planted.
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Category: Food & Agriculture
