Climate Change Drives Farmers in Top Soy Exporter to Corn

(Bloomberg) -- Soybean planting is set to shrink to the lowest in 15 years in Argentina, the biggest exporter of processed soy meal for livestock feed and oil for cooking and biofuels, as corn-growing gains. Farmers in the South American nation have been preferring corn lately because it has a wider planting window that mitigates dry conditions brought on by climate change. The trend touched an inflection point for the 2022 crop, with the Buenos Aires Grain Exchange forecasting a bigger harvest of corn than soy at the start of the season for the first time in two decades of record-keeping.

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