Argentina: Water recovery boosts soybean planting, which would be the highest since 2018

Published 2024년 11월 15일

Tridge summary

The Pampas region's water recovery has led to an increase in soybean planting, with the cultivated area projected to rise to 17.9 or 18.6 million hectares, the highest since 2018. This results in an expected national production of 53 to 53.5 million tons. However, wheat production has been reduced due to water scarcity, estimated at 18.8 million tons, down by 700,000 tons from October. Corn planting has also decreased by 24.6% from the previous cycle due to delayed planting, but recent rains have improved crop conditions. The 2024/25 campaign is expected to be the fourth most productive of the last 15 years for soybeans, despite some challenges for wheat and corn.

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

Original content

The water recovery that was recorded in a large part of the Pampas region gave a renewed boost to soybean planting, and growth in the cultivated area is already projected. According to estimates by the Rosario Stock Exchange (BCR), the surface area would rise to 17.9 million hectares, being the highest number since 2018. The Buenos Aires Grain Exchange is even more optimistic, and ventures that up to 18.6 million hectares could be planted with the oilseed. In any case, farmers are already on the move. “With an interweekly progress of 12.2 percentage points, the national progress of soybean planting rises to 20.1% of the 18.6 million hectares projected for the 2024/25 campaign. The optimal surface humidity conditions have allowed for fluidity in the planting of first-season soybeans,” says the latter entity. For the Rosario Stock Exchange, this expected increase in the planted area means greater national production, which is already expected to be around 53 to 53.5 million tons, ...

Source: Bichos de campo