Argentine drought hurts corn yields, more area cuts possible.

Argentina’s corn crop will suffer yield losses due to drought this year and the estimated planting area may drop further because dry weather in the northern part of the country has blocked late-season planting. Regarding the country’s main cash crop, soybeans, no more planting area losses are expected for the 2017/18 season and the size of the harvest hinges on February rains, which will be crucial after three consecutive months of near constant sun.