Recent rainfall in much of the Argentina agricultural region should continue in the coming days and mark a “inflection point” for current soybean and corn crops, the Rosario Cereal Bag (BCR) said on Monday.
More than 100 millimeters (3.9 inches) of rainfall have soaked the agricultural lands in recent days, helping to consolidate the recovery of drought conditions and a heat wave that hit the 2024/25 crops in late January and early in this month.
Argentina is a major grain exporter, with sales of soy, corn and wheat remittances providing an important source of strong currency to the Central Bank coffers.
“The precipitation of the last days is marking a point of turning to the agricultural cycle,” said the BCR report.
The report also cited Cristian Russo, boss chief of agricultural forecasts of BCR, emphasizing the importance of this week’s rains for the situation of the main grain harvests, including other important agricultural areas.
Earlier this month, BCR reduced its predictions for 2024/25 soybean and corn crops due to drought conditions and high temperatures in the southern hemisphere, estimating soybean crop at 47.5 million metric tons and corn in 46 million tons.
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Meteorologist German Heinzenknecht, a CCA consulting expert, also pointed out the likelihood of more rain in the coming days, including the agricultural areas of the Center, North and Northeast, where additional moisture is still required. He said he expects the final stretch of February to mark a “damp transition” to March.
“The panorama is very favorable in terms of rainfall,” he added, while warned that the precipitation planned for this week could soak some areas of the province of Buenos Aires with excessive precipitation.
