The U.S. Department of Agriculture (USDA) announced a significant reduction in Argentina’s soybean and corn production forecasts due to severe drought. Argentina, a major global grain supplier, faces declining yields after prolonged dry conditions and high temperatures damaged crops. The drought highlights ongoing challenges for Argentine agriculture, which has faced similar issues during past La Niña events. As one of the world’s top exporters, Argentina’s reduced output could tighten markets further, impacting prices and trade dynamics worldwide.
February 11, 2025
SOURCE: RIO TIMES
USDA Lowers Argentina Crop Forecasts as Drought Hits Global Grain Market