Argentine Soybean Crop Limping Home
As the Argentine soybean crop approaches the finishing line it reminds me of that famous Olympic incident with the marathon runner almost having to be helped across the line many years ago, his legs all wobbling from under him.
Drought in Argentina continues to worsen across major soybean areas, say StormX. The latest Vegetation Greenness Index reveals much less vegetation across portions of Cordoba, Santa Fe, and northwestern Buenos Aires:
It is also interesting to note from this image how bad things are in Paraguay to the north of the marked area, and also in western parts of RGdS in Brazil to the upper right of the box.
In addition, you have to consider the implications for winter wheat planting in Argentina, which will be getting underway any day now.
Drought in Argentina continues to worsen across major soybean areas, say StormX. The latest Vegetation Greenness Index reveals much less vegetation across portions of Cordoba, Santa Fe, and northwestern Buenos Aires:
It is also interesting to note from this image how bad things are in Paraguay to the north of the marked area, and also in western parts of RGdS in Brazil to the upper right of the box.
In addition, you have to consider the implications for winter wheat planting in Argentina, which will be getting underway any day now.
