Northern growing regions in Argentina have been hit by heavy rain over the past week, which has resulted in flooding in fields of soybean crops.
Abundant rain has added to soil moisture, which was already high after showers throughout February.
Furthermore, the wet weather in these areas has increased the risk for disease in the soybean crops.
Levels of damage will become clearer over the next few weeks, although the Buenos Aires Grains Exchange said yesterday (5 March) that it may lower its 2015 soybean harvest forecast from 57Mt, the current estimate.
In contrast, areas of the southern Pampas growing belt have been suffering from drought like conditions.
A lack of soil moisture for soybean crops in southeast, and central Buenos Aires could result in loss come harvest if moisture levels don’t improve.
However, rain is forecast to increase across southern Argentina by the end of next week, which could allow moisture levels to increase (MDA Weather Services).
(Source – http://www.blackseagrain.net/novosti/soybeans-at-risk-in-argentina)