Argentina's expected record soya harvest will speed along with minimal rainfall in the week ahead, continuing at a pace of collection already 5 percentage points ahead of last year, agricultural weather experts said on Monday. The world's top exporter of soyameal livestock feed is expected to harvest a record 59 million tonnes of beans, the government says, above the record 53.4 million tonnes collected last season. The crop will increase already high global soya reserves, putting downward pressure on world food prices.
Dry conditions in grains powerhouse Argentina have been ideal for harvesting, a trend likely to continue over the week ahead, according to the national weather service.
"On Wednesday there could be strong rains in central and southern Buenos Aires province, concentrated in areas like Bolivar. But the sun will be out again by Thursday," said Gerardo Ogdon of the National Meteorological Service.