NEWS
Exchange Cuts Argentina Wheat Forecast
Thu Dec 13, 2012 04:45 PM CST

BUENOS AIRES (Dow Jones) -- An unrelenting series of storms over the past three months took a toll on Argentina's winter wheat crop, flooding many low-lying fields and leading to significant losses, the Buenos Aires Cereals Exchange said in its weekly crop report Thursday.

The exchange trimmed its production forecast by 320,000 metric tons to 9.8 million tons due to the losses. That is down 30% on the year.

Crops are in good shape in the important wheat fields of southern Buenos Aires province, but a bumper crop there isn't enough to make up for the poor yields seen in ...

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