argentina : CEREALS OUTLOOK

BUENOS AIRES, March 29 (Reuters) – Hard late-March rains in Argentina have set the stage for smooth wheat and barley sowing, but the storms arrived too late to help ┬ácorn and soy yields in areas that had been pounded by months of dry weather, farmers and crop analysts said on Monday. The South American grains powerhouse is the world’s No. 3 corn exporter and top supplier of soymeal livestock feed, used to fatten hogs and poultry from Europe to Southeast Asia. “There are regions where late-planted soy is in very bad shape and where corn harvesting has started with terrible yields. The rain got here too late for these crops,” said Francisco Santillan, a grower in the bread-basket province of Buenos Aires.

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