Most corn and soybean producing areas in Argentina are not expected to receive adequate rain during the next two weeks, which is unfavorable for planting and early crop development. The area stretching from San Luis, across Cordoba, and into southern Sante Fe may see some beneficial rainfall from Jan. 2 to Jan. 5.
As of Dec. 30, 75 percent of Argentina’s early corn crop was planted vs. the five-year average of 81 percent. Soybean planting was at nearly 88 percent complete, just 2 points below the five-year average, per Bolsa de Cereales.
In Brazil, recent rains have helped the development of corn and soybeans. Most areas are expected to receive adequate rains into mid-January, but parts of Rio Grande do Sul and Minas Gerais may remain dry, which would be unfavorable for crops.