According to Oil World, in almost all of Argentina’s northern major grain and oilseed growing regions, drought conditions have become ‘critical’ posing risk to the country’s soybean and sunflower crops. The central and northern Santa Fe regions are experiencing the worst drought in 50 years, affecting 24.7 million acres total. If rainfall does not recover in November and December soybean production will fall significantly. As of October 10th sunflower planting reached 240,000 hectares compares with 600,000 hectares at the same time a year before. Planting is expected to be the lowest in 30 years at 1.5 million hectares at the most.
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