Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina.
Recent hot spell in Argentina may have eroded potential corn yields
Oil and gas, hydro, forestry, sports affected alongside agriculture
Fertilizer companies are already dealing with lower profits as prices sag
Risk of getting stuck mean less grain per barge
Dry weather has pushed back planting
Will Western Canada have the textbook warm and dry El Niño winter?
Southern Prairies to remain drier than normal
Crop seen down 34 per cent from last year
Significant changes to rainfall, or prolonged droughts, could also impact hydropower output, boost food, fuel prices