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Rosario grain exchange cut wheat harvest forecast, while declining soybean in Argentina

Rosario grain exchange in October report forecasts wheat production in Argentina at 14.3 mln tonnes in 2023/24 MY, which is lower than the previous projection (15 mln tonnes), reports Reuters.

At the same time, Rosario’s analysts expect Argentina’s soybean production to reach 50 mln tonnes in a new season, compared to the previously expected 48 mln tonnes.