South American drought spreads to Brazil

March 23, 2012BRAZIL - Drought has spread from Argentina and Paraguay to Brazil and is hitting soy yields at a time of concerns that regional economic growth may suffer as pressures mount on commodity prices. Argentine yields of soy were affected by drought and labor disputes in that country are making farmers and grain traders jittery. Drought caused widespread economic dislocation in Paraguay, which was also hit by cattle disease. Analysts said drought-related developments in Brazil had led to lower yield estimates, slicing about 2.8 million tons off an original estimate of 67.1 million tons for this year’s harvest. The revised estimates are subject to further review, said the analysts. Soy oil has gained importance in the energy market as a feedstock for the booming international bio-fuels sector. Soy produced by Brazil, Argentina and Paraguay accounts for about half the world’s soy exports. Although current worries have caused spikes in prices and buoyed futures trade in Chicago, Latin America and elsewhere, underlying worries over the eurozone crisis and an economic slowdown in China continue to cloud the outlook. Some analysts predicted a 10 million ton shortfall in Brazil’s soy crop when compared with last year. –Terra Daily
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4 Responses to South American drought spreads to Brazil

  1. don’t think this has anything to do with the article tho:
    Troy and Jericho was both thought to be fabled cities that never existed until relatively recently when they were uncovered under an unprecedented amount of sediment which archeologists never conceived would be so thick. A catastrophe can in one second lose an entire city to time by burying it in ash. In sedimentary geology, you’re study time based on strata and the presumed rate of coverage

  2. http://www.stuff.co.nz/environment/6625269/Wars-for-water-predicted

    A report released on Thursday (local time) reflecting the joint judgment of federal intelligence agencies says the risk of water issues causing wars in the next 10 years is minimal even as they create tensions within and between states and threaten to disrupt national and global food markets. But beyond 2022, it says the use of water as a weapon of war or a tool of terrorism will become more likely, particularly in South Asia, the Middle East and North Africa.

    The report is based on a classified National Intelligence Estimate on water security, which was requested by Secretary of State Hillary Rodham Clinton and completed last year. It says floods, scarce and poor quality water, combined with poverty, social tension, poor leadership and weak governments will contribute to instability that could lead the failure of numerous states.

  3. Cathy says:

    This was at the end of the article and did not seem to fit in there. Was it misplaced?

    “Troy and Jericho was both thought to be fabled cities that never existed until relatively recently when they were uncovered under an unprecedented amount of sediment which archeologists never conceived would be so thick. A catastrophe can in one second lose an entire city to time by burying it in ash. In sedimentary geology, you’re study time based on strata and the presumed rate of coverage. “–Terra Daily

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