South America has been dry. But it has been really dry in Argentina…and hot; the worst summer crop growing conditions in at least fifty years. Weather forecasters don’t see much relief for Argentina during the next two months. The Argentinean government has declared an Agricultural Emergency saying crop production may be down 50 percent from normal and announced that as many as 800,000 cattle have been lost due to arid conditions in the Pampas. Lack of rain and temperatures of over 100o F hurt wheat during the reproductive period and corn at pollination time. The government halted wheat exports to safeguard domestic supply, leaving neighbor Brazil without its usual supplier of wheat.
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