USDA attache cuts Argentina 2022/23 soy crop forecast to 36 mln T

Jan 31 (Reuters) - Following are selected highlightsfrom a report issued by the U.S. Department of Agriculture's(USDA) Foreign Agricultural Service (FAS) post in Buenos Aires:

"Dry weather and high temperatures in the last months of2022 have damaged the Marketing Year (MY) 2022/23 Argentinesoybean crop, particularly affecting first crop soybeans withina 125 kilometer radius of Rosario, Santa Fe Province. Recentrains will buy time for second crop soybeans, butbetter-than-average weather through February is needed for asubstantial recovery. Post lowers its MY 2022/23 estimatedproduction to 36 million metric tons (MMT), 9.5 MMT below theofficial USDA estimate. The drought is also affecting sunflowerseed and peanut production to a lesser extent. Post estimatessunflower seed production at 4 MMT on lower-than-expected yieldsin northern production areas. Peanut production is lowered to1.05 MMT on smaller-than-expected planted area and anticipatedlower yields."

To read the full report, click: https://bit.ly/3wNadG2(Reporting by Julie Ingwersen in Chicago)

© Copyright Thomson Reuters 2023. Click For Restrictions - http://about.reuters.com/fulllegal.asp