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Argentina

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    Argentina

    This is a cut and paste from an article, sounds like they have similar problems with costs like we have.



    We are facing the most important drought of the last 70 years"

    "We must go back to the summer of 1945 to account for rainfall records of this nature in our region with only 25 to 35 mm", explained from the rural entity.

    On the other hand, the rains fallen so far this year represent only 15% of the average rainfall, which generally hover around 200 mm for January and February. It should be noted that this summer was also particularly hot.
    Also, in the field "is predicting the yield of soybean, the main agricultural product, where there are already very important losses, about 10 million tons expected." In turn, the corn crop continues the same significant deterioration in their performance, "said Luis Ciucci.
    However, a no less devastating scenario occurs in both breeding and rearing livestock and in the area of ​​dairy farms, since the pastures do not produce sufficient forage to sustain production.
    "Based on all the aforementioned data, as agricultural producers we renew every year with great faith our productive commitment, the results are increasingly uncertain, this uncertainty is increased by the climate factor, the increase in production costs, the increase in of taxes, the increases in the price of diesel, the lack of control of inflation and the high interest rate among other items, "said the representative of the entity.

    #2
    I believe this is one of the reasons for the increase in soybean futures.

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