My Take — 08

A QUICK “Year End” review of the “State of Play”.

People walk along the drought-stricken Parana River in Argentina. Argentina is one of the eight “breadbasket” areas that feeds the planet.

SO.

Look at that picture. Then read these two reports on the agricultural situation in Argentina.

#1

44%: Expected drop in Argentina’s soybean production in 2023 relative to the last five years, the lowest harvest since 1988/89, contributing to an estimated 3% drop in Argentina’s GDP for 2023 (EU Science Hub, 2023)

Global Drought Snapshot 2023: the Need for Proactive Action

Source: UNFCCC, Posted 1 Dec 2023, View original.

#2

Argentina soybean harvest may be biggest in years, expert says.

Source : ADM-Investor Services Inc., Posted 1 Dec 2023.

Argentina’s 2023/24 soybean production could top recent harvests thanks to the abundant rains expected to water fields in the coming months, spurred by the climate phenomenon known as El Nino, a meteorologist said on Thursday.