Overview
- Argentina’s farm exchange in Rosario said the core soy belt is only 25% harvested versus about 55% in a normal year, with forecasts from Saturday through Wednesday pointing to more rain.
- Repeated storms, saturated soils, high humidity and night dew are blocking field access and drying, which raises risks like green seeds, re‑greening of pods and higher impurities in delivered grain.
- The first half of April brought about 104 millimeters of rain across the monitoring network, roughly double the norm, as a run of low‑pressure systems and cyclogenesis kept storms parked over the region.
- Corn is faring better, with harvest progress near 82% in key areas and the Buenos Aires Grain Exchange lifting its national corn estimate to 61 million tonnes after validating a larger planted area by satellite.
- Heavy local flooding around Gran Santa Fe damaged about 1,200 hectares of vegetables, producers reported losses near 90%, and lettuce prices doubled as buyers turn to supplies trucked in from other provinces.