Argentina Soybean sowing and crop condition update

As on 13th Jan, according to Buenos Aires Grain Exchange, In Argentina, Soybean sowing progress stood at 92.5% Vs 97.5% last year same period and 98.4% five-year average. It is also reported that 31% soy crop is in excellent to good condition Vs 48% previous week, 40% soy crop is in fair condition Vs 39% previous week and 29% soy crop is in poor/very poor condition Vs 13% previous week. Dry weather condition has worsened soy crop condition and resulted in production cut by 3 MMT to 46.5 MMT.