Heavy Cuts to Argentina’s Corn and Soybean Crops Complicate the Global Supply Picture
Argentina’s crops are in trouble as a third year of La Niña deepens one of the worst droughts in at least four decades. The US Department of Agriculture (USDA) in its most recent supply and demand report downgraded both Argentina’s corn and soybean output in 2022/23 for a third month in a row, subsequently reducing …
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