Argentina is optimistic about its soy harvests this year, an important sources of revenue for the country.
The Agriculture Ministry predicts the soybean crop will rise 0.6 percent this year to 19 million hectares, reports MercoPress. Argentina is the largest soy-meal and soy-oil exporter in the world.
The Rosario Grain Exchange is expecting the second-largest soy crop ever at 49.5 million metric tons.
But wheat production is expected to be down 24 percent, said the Agriculture Ministry. A large percentage of Argentina's wheat exports go to Brazil.