Argentine farmers are expected to harvest 51 million tonnes of soy in the 2017/18 season, according to the Buenos Aires Grains Exchange, due to drought that resulted in revising its preliminary estimate of 54 million tonnes. Based on short term weather forecasts that indicate no relief for the areas already suffering from dryness, the crop estimate was reduced by 3 million tonnes, while the previous marketing year Argentina produced 57.5 million tonnes of soybeans.
