adultarcadenearme| Argentine soybeans: Crop condition rating dropped, soil moisture improved by 20%

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[Argentina's soybean crop status rating downgraded] Argentina's Buenos Aires Grain Exchange released its 2023/24 soybean report on May 15. report showsadultarcadenearme, poor rating of soybean crop conditionadultarcadenearmeThe proportion of the rating increased to 28%, the general rating remained at 48%, and the excellent rating dropped to 24%. At the same time, the proportion of soil water shortages to extreme shortages has also increased to 20%, an increase of 6 percentage points from 14% last week. Overall, although the proportion of soil water shortage has increased, most soil water is still in a beneficial to appropriate state, accounting for 79% of the total soil. However, this proportion is down from 84% last week. In addition, there were no reports of soil moisture this week, down from 2% last week. Investors should pay attention to the impact of these changes on the soybean market and consider possible market fluctuations.