Heavy rains threaten Argentina’s soybean production after drought

Repeated rains that fall on Argentina’s main agricultural region weeks ago are hampering the 2017/18 soy harvest, which could have an impact on grain production that has already suffered hard cuts by a drought that extended throughout the austral summer. Excessive moisture could reduce soybean yields by 5 to 15 percent, and cause a 30 percent drop in its price because, because of the weather, the pods are opening early or the Grains are germinating within them. Some sources speak of a soybean production of 37, 38 million tons, and that the effect of the rains could be between 1, 1.5 million less.