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Argentine ambitions of record corn seem bleak as BAGE lowers output forecast

March 22, 2024 Comments Off

The Buenos Aires Grains Exchange adjusted its forecast for Argentina 2023-24 corn production down to 54 million mt, reducing the prospects of a record output from what market experts were anticipating to be a super campaign. The reduction, announced on March 21, comes as an impact of the heat wave in Argentina during the month of February in the intermediate…