Recent rains in Argentina have helped corn and soyabean development in the South American nation during its hot summer months, the Buenos Aires grains exchange said on Thursday.
Farmers are nearly done planting an estimated 6.3 million hectares of corn and 17.4 million hectares for the oilseed, the exchange said.
"The precipitation that continues to be registered in vast sectors of the country improves the state of a large part of the corn fields destined for commercial grains," the exchange said in its weekly crop report, adding that corn planting is 94.7% complete.
Nearly all the soyabean area was between normal and excellent condition, with humidity between adequate and optimal levels. By Wednesday, farmers had planted 97.6% of the area estimated by the exchange.
Comments
Comments are closed for this article.