Heavy rains in Argentina have damaged wheat crops, reducing the harvest from 11.5 to possibly just 9.5 million tonnes this year. Quality was also affected as added moisture and delayed harvest time spurred the growth of fungi which is causing the crop to rot in the fields. The situation is a point of concern for the state of global wheat prices.
http://www.reuters.com/article/2012/12/05/argentina-wheat-idUSL1E8N4D8X20121205
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