10% of Argentina’s Soybean Crop May Be Damaged


Fires and floods at the same time. That is what Argentina has faced in the last several weeks in different regions of the country, and that may push some grains higher, especially soybeans.

The fires were generated in the southwest parts of Buenos Aires, La Pampa, and Rio Negro provinces due to dry weather in the region, affecting nearly 3.4 million acres. There is not significant planting of soybeans or corn in those places, but there are mostly wheat crops and cattle farms in there.

While local authorities claim to have contained the fires, key soybean-producing regions have faced floods that may continue. The floods are concentrated in the northwest area of the Buenos Aires province, Entre Ríos, south of Santa Fe and south of Córdoba.


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