Soybean and corn harvest in Argentina advances, but falls short of the previous year

According to the weekly report by the Buenos Aires Grain Exchange, the soybean harvest in Argentina reached 78.2% of the suitable area last week, representing an advance of 9 percentage points compared to the previous week. However, compared to the same period last year, work is 11.7 percentage points behind schedule. The national average yield is 1,500 kilograms per hectare, and the production estimate was maintained at 21 million tons. According to the exchange, only 5% of the soybean crop is in good or excellent condition, an increase in relation to the 4% registered in the previous week. The portion in normal condition decreased from 40% to 39%, while the percentage in fair or poor condition remained at 56%. With regard to corn, Argentine producers harvested 26.6% of the suitable area, which represents an increase of 1.7 percentage points in relation to the previous week. The national average productivity is at 4,600 ...