BUENOS AIRES (Reuters) – Argentina’s main breadbasket will likely face dry weather over the next week, after rain storms last weekend brought relief to some farmland, the Buenos Aires Grains Exchange said in a report on Thursday.
Due to months of insufficient rainfall over western and northern areas of the country’s main agricultural area, the exchange said it expects impacts to the wheat crop as well as difficulties with early corn planting.
Argentina is a global grains supplier, exporting large quantities of processed soybeans, corn and wheat, with sales providing much-needed foreign currency to pay down debts and finance imports.
According to the exchange’s weekly weather report, a large part of the southern cone is expected to see scarce precipitation of less than 10 millimeters, with some areas likely to receive more moderate rainfall.
Data from the Rosario grains exchange showed that storms last weekend provided between 40-50 millimeters of precipitation in eastern and southern parts of the core farmland.
(Reporting by Maximilian Heath; Editing by David Gregorio)
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