Argentina exchange trims 2023/24 corn and soy outlooks

Argentina's Rosario grains exchange cut its estimates for the 2023/24 soybean and corn harvests on Wednesday to 49.5 million and 57 million metric tons, respectively, due to a heatwave in late January and early this month.

The exchange has previously calculated the soybean harvest at 52 million tons and the corn harvest at 59 million tons.