AGRIBUSINESS: Sweltering Heat Hits Argentina
It may be winter in Iowa but in South America its summer and that means the growing season.
Argentina is a big player when it comes to soybean producers. Argentina is expected to produce 54.5-million metric tons of beans this year. That’s nearly three-fifths of U.S. production.
Many crops in Argentina have been suffering through a sweltering heat wave over the past two weeks which has brought temperatures as high as 111-degrees.
Soybeans have an ideal temperature of 85-degrees. Temperatures above that can give the beans heat stress and temperatures over 99-degrees can severely limit pod formation.
The heat wave is not the only problem to hit Argentina’s agriculture sector this year. In May, a year-long agriculture state of emergency was declared for soybeans and corn in the Jujuy Province.