BAGE trims Argentina corn 3 MMT on drought damage.

Buenos Aires Grain Exchange (BAGE) cut its 2017/18 soy crop by an additional 2 million mt, Thursday, with the new estimate 15.5 million mt down versus last year. Alongside that, it slashed its corn crop estimate by 3 million mt, as continuous droughts persists and important losses are suffered in key planting areas.