Argentina: Soybean planting advances over 8% of the estimated area

Soybean

Argentina

Published Nov 15, 2022

Tridge summary

For Argentina, despite the downward adjustments in the monthly estimates, the USDA projects for the 2022/23 cycle an increase in bean production, milling, and exports compared to the previous cycle.

Original content

Monthly, bean production was adjusted monthly by -1.5 M Tn, up to 49.5 M Tn (+12.8% i.a). Crushing was again cut by 750,000 tons, to around 39.75 million tons (+2.4% yoy), while exports were adjusted upwards by 0.2 million tons, reaching 7.2 million tons (+ 152%). Regarding the main by-products: • Flour. Production: 31.0 M Tn (+2.4% i.a), with a monthly adjustment of -600,000 Tn. Exports: 27.6 M Tn (+3.8% i.a), with a monthly adjustment of -600,000 Tn. Share in global shipments: 39.5%. • Oil. Production: 7.9 M Tn (+2.6% i.a), with a monthly adjustment of -140,000 Tn. Exports: 5.5 M Tn (+13.2% i.a), with a monthly adjustment of -200,000 Tn. Share in global shipments: 43%. In the 45 districts of the area of influence of the BCP, the sowing of the oilseed advances on 8% of the projected area. To see the detail by zone, see the Biweekly ...

Source: Rural Net

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