News

2023/24 Argentina soybeans rated 30% GD/EX up 1%

Soybean
Argentina
Sustainability & Environmental Impact
Market & Price Trends
Published Mar 25, 2024

Tridge summary

Recent rainfall in Argentina has been beneficial for north-central, northern, and eastern regions, although it may cause localized flooding in eastern Buenos Aires. Early planted soybean yields are projected to vary between 2,500 to 4,500 kg/ha. There are differing estimates on soybean production, with the U.S. Attache predicting 49.5 million tons and the Rosario Grain Exchange forecasting 50.0 million tons, a figure also supported by the Buenos Aires Grain Exchange and the USDA. The soybean crop's condition is rated as 16% poor/very poor, 54% fair, and 30% good/excellent, while soil moisture is rated 23% short/very short and 77% favorable/optimum.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The rainfall in Argentina last week favored north-central, northern, and eastern Argentina. Heavy amounts were recorded in eastern Buenos Aires where there may be some localized flooding. Rainfall is expected in Buenos Aires on Monday with more rain on Wednesday in Buenos Aires, Santa Fe, and Entre Rios. Rainfall next week in Argentina is expected to be more limited. In the northern areas, yields of the early planted soybeans are expected to be in the range of 2,500 to 4,000 kg/ha (37 to 60 bu/ac). In the southern areas, yields of the early planted soybeans are expected to be in the range of 2,800 to 4,000 or as high as 4,500 kg/ha (41.7 to 60 or as high as 67 bu/ac). A few fields of soybeans may already be harvested, but it is less than 1%. The U.S. Attache lowered the soybean estimate 0.5 million tons to 49.5million, whereas the Rosario Grain Exchange increased the soybean estimate 0.5 million tons to 50.0 million. The Buenos Aires Grain Exchange has the crop at 52.5 million and ...
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