URANGA, Argentina (DTN) -- For the second straight year, the La Nina weather phenomenon brought drought to Argentina's principle soybean-growing regions in 2011-12.
But whereas late January rains earned last year's crop a late reprieve, this year's drought wasn't broken until February, parching beans during the key flowering period across the Pampas.
And so, with approximately 60% of the crop harvested, most see output at least 15% down on initial expectations.
The eventual crop size remains tough to gauge as planting is staggered and the severity of the dry spell varied from region to region. But the government, local cereal ...