BCR projects Argentina's soybean output at 47 mln tonnes; cuts corn by 2 mln tonnes

The Rosario Grain Exchange (BCR) set its first official estimate for Argentina’s soybean output at 47.5 million tonnes, 2.5 million tonnes below last year's 50 million tonnes, while also cutting its corn output forecast by 2 million tonnes to 46 million tonnes due to a heat wave and lack of water in the country, its monthly reported showed on Thursday February 13.