Argentina’s soy, corn may hinge on La Nina’s exit after dry 2022

Poor production: Farmers throw corn in South America. Drought and heat cut Argentina’s 2022 soy and corn yields to four-year lows, but the crops are in worse shape now. —AFP

RECENT rainfall across Argentina, the world’s leading soybean meal exporter and key corn supplier, has been the scarcest in over three decades, keeping the pressure on struggling crops.

Argentina’s soybeans and corn are still in the earlier stages of their seasons, behind normal development as the La Nina-induced drought slowed planting.