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Argentina’s soybean crop would be the smallest since 2001

By Joe Carroll and Michael Hirtzer

A biblical drought plaguing Argentina shows no signs of letting up, and soybean plants continue to be scorched in the Pampas agricultural belt.

Last Thursday, the Buenos Aires Grain Exchange cut its crop forecast by another 14% to 25 million tonnes, the smallest harvest since record-keeping began in 2001.

The figure is also the lowest among leading forecasters.

"Dryness combined with high temperatures continues to cause yield losses across much of the agricultural region," stock exchange analysts led by Cecilia Conde wrote in a report.

Argentina is enduring its ninth heat wave of . . .

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