Dutch bank Rabobank cut its forecast for Argentine corn production by 2 million mt to 39 million mt on Tuesday, with its soybean forecast also falling to 51.5 million mt, making the bank’s analysts some of the most pessimistic in the market. Persistent dry conditions during pollination across Argentina have impacted the early planted corn crop, which has led to the write down in production. The bank’s production estimate is now 3 million mt lower than USDA forecasts and lower than almost all other analysts.