News

Almost 80% of the soybean target was harvested in Argentina

Published May 27, 2024

Tridge summary

The Buenos Aires Grain Exchange reports that as of May 23, 28.2% of Argentina's planned corn harvest area has been harvested from 2.12 million hectares, which has yielded 17.4 million tons with an average yield of 8.19 t/ha. There is variation in yield depending on the region. Despite being six weeks behind the average of the last five years, analysts maintain their forecast for Argentine corn production this season at 46.5 million tons, an increase of 9.5 million tons from the 2022/23 MY result. Additionally, soybean harvesting is ongoing, with 77.9% of the planned area harvested and a yield of 3.12 t/ha.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to monitoring data from the Buenos Aires Grain Exchange, as of May 23, corn in Argentina was harvested from 2.12 million hectares, representing 28.2% of the planned area. Experts note that the current grain harvest rate is at least 6 weeks below the average of the last five years. It is also reported that 17.4 million tons of grain have currently been harvested with an average yield of 8.19 t/ha. At the same time, experts note significant fluctuations in yield depending on the harvesting region. Analysts maintain their forecast for Argentine corn production this season at 46.5 million tons, which is 9.5 million tons more than the ...
Source: Oilworld
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