Soybean and corn sales in Argentina are still slower than last year

According to the estimates of the Ministry of Agriculture of Argentina, as of November 23, the total sales by farmers of soybeans harvested in 2021/22 MR reached 32.1 million tons, and the 2022/23 crop - 2 million tons, which is inferior to last year's results of the sale of the old and new crops (35 .1 million tons and 3.3 million tons, respectively). In parallel, the total sales volume of 2021/22 crop corn amounted to 42.8 million tons, while last year, at the reporting date, sales of the old crop were estimated at 45.3 million tons. Forward sales of 2022/23 corn reach 6.4 (10.9) million tons. At the same time, Argentinean farmers stepped up the sale of wheat and sunflower seeds harvested in MY 2021/22, and as of November 23, 22.9 million tons and 2.8 million tons were ...