The South American crops are approaching their harvest season, with Brazil already in full swing and Argentina closing in. Due to the summer weather, however, there is a lot of uncertainty surrounding the crops in the region. Brazil has experienced abundant and beneficial rains throughout the season, which have caused some issues with harvesting but should result in good quality and yields. In contrast, Argentina has suffered the most severe drought in the last 80 years, and an unexpected frost in mid-February added to the industry's panic. As rains finally arrived in March, growers remain hopeful that April will bring high temperatures to help recover some of the lost time. Yields and quality are yet to be determined, but it is clear that Argentina will export less than in 2022.
