Delayed soybean harvest in Argentina keeps prices high

Published Apr 23, 2025

Tridge summary

Argentina's heavy rains in March and April have delayed the soybean harvest, but improved crop conditions are expected to boost yields. As of April 9, only 2.6% of the area had been harvested, compared to 10.6% the previous year. The average soybean yield is 3.54 t/ha, and experts predict a reduced harvest due to flooding. However, drier weather is expected to speed up the harvest. May soybean futures on the Chicago Board of Trade rose 4.5% last week. In the United States, 8% of the planned area was sown with soybeans as of April 20. EU countries increased soybean imports by 9% to 11.22 million tonnes from July 1 to April 20, with 52% supplied from the USA.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Heavy rains in March and April delayed the soybean harvest in Argentina, and analysts expect a reduced harvest due to flooding. But the rains have improved crop conditions, which should boost yields, and drier weather in the coming weeks should speed up the harvest. May soybean futures on the Chicago Board of Trade rose 4.5% last week and were trading at $382/t this week as Argentina’s weather improved and planting in the United States accelerated. According to the Buenos Aires Grain Exchange, as of April 9, only 2.6% of the area had been harvested in Argentina, compared with 10.6% last year. 21% of the soybean crop is in poor or very poor condition (23% last week, 25% last year), 42% (41; 45)% are in fair condition, and 37% (36; 30)% are in good or excellent condition. In the north of the province of La Pampa and in the west of Buenos Aires, crops were partially affected by frost, but the damage is still being assessed. Currently, the average soybean yield is 3.54 t/ha. ...

Source: Graintrade