Argentina’s Rosario Grain Exchange on Wednesday issued an improved forecast for the South American country’s 2023/24 soybean and corn crops.
The exchange predicted a soybean crop of 48 million metric tons, up from 20 million tons last season, while the corn crop could be 56 million tons, up from the 34 million tons forecast for 2022/23.
The South American country is one of the world’s largest exporters of processed soybeans as well as a major corn and wheat supplier.