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Argentina’s stock market downgrades grain crop projection

By Artur Piva

The Rosario Stock Exchange in Argentina has reduced the estimates for corn and soybean harvests, the main crops of the local grain harvest.

Added to the two products, the cut reaches 11% over the previous forecast.

According to the Argentine Stock Exchange, the combined harvest of the two grains will be 55 million tonnes.

Previously, the forecast was 62 million tonnes.

From the estimates, 4 million tonnes were removed from the soybean harvest

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