Lower Argentinian harvest forecast pushes up prices

In the past week, prices for soybeans on international markets have increased. The price index of the IGC, a measure of the price of soybeans in the world, stood at 310 points on Monday, January 16 (year 2000 = index 100). The price index for soybeans is currently 10% higher than a year ago. At the end of last week, in the latest Wasde report, the US Department of Agriculture (USDA) revised the Argentine crop down by 4 million tons to 45.5 million tons of soybeans for the 2022-23 harvest. Oth