Soybean and corn sales in Argentina are still slower than last year

Published Dec 1, 2022

Tridge summary

Argentina's Ministry of Agriculture has reported a decrease in the total sales of soybeans and corn crops for the 2021/22 and 2022/23 seasons compared to the previous year. Soybean sales for 2021/22 reached 32.1 million tons, a decrease from 35.1 million tons, and 2 million tons for 2022/23, a decrease from 3.3 million tons. Corn sales for 2021/22 were 42.8 million tons, a decrease from 45.3 million tons, with forward sales for 2022/23 being 6.4 million tons. However, there has been an increase in the sales of wheat and sunflower seeds for the 2021/22 season.

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

Original content

According to the estimates of the Ministry of Agriculture of Argentina, as of November 23, the total sales by farmers of soybeans harvested in 2021/22 MR reached 32.1 million tons, and the 2022/23 crop - 2 million tons, which is inferior to last year's results of the sale of the old and new crops (35 .1 million tons and 3.3 million tons, respectively). In parallel, the total sales volume of 2021/22 crop corn amounted to 42.8 million tons, while last year, at the reporting date, sales of the old crop were estimated at 45.3 million tons. Forward sales of 2022/23 corn reach 6.4 (10.9) million tons. At the same time, Argentinean farmers stepped up the sale of wheat and sunflower seeds harvested in MY 2021/22, and as of November 23, 22.9 million tons and 2.8 million tons were ...

Source: Zol