Soybeans are losing ground in Argentina due to falling prices and margins

게시됨 2024년 12월 31일

Tridge 요약

Soybean planting has decreased by 200,000 hectares due to falling prices and reduced profitability, with only 18.4 million hectares to be planted, a 6.4% increase from the previous cycle. This is due to the decline in corn and the impact of La Niña. However, the Regional Consortiums for Agricultural Experimentation (CREA) warns that only 10% of the national surface has positive economic viability for soybeans, with the rest showing losses or narrow margins. As a result, Argentine farmers are planting alternative crops. World soybean production is expected to reach a record 427 million tons for the 2024/25 campaign, but this has led to a significant drop in prices. Argentina is expected to have a solid production, but the high supply is not balancing the fall in prices, and stocks are at an all-time high.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The collapse of soybean prices and the reduction of crop margins led agricultural producers to change their planting decisions and cut the surface area of the oilseed by 200,000 hectares. Thus, this campaign, only 18.4 million hectares will be planted, which, in any case, represents 6.4% more than in the previous cycle. Soybeans gained ground this year as a result of the decline in corn that occurred due to fear of new attacks by the leafhopper and the arrival of La Niña with its lack of rain. However, the soybean expansion will not be as expected. For CREA (Regional Consortiums for Agricultural Experimentation), the profitability scenario for farmers is in “red”. The viability index it prepares warns of a very complicated profitability scenario for all crops, but especially for soybeans: “Only 10% of the national surface would be located in a range of positive economic viability,” says the entity. The rest would show losses or barely tight margins. In a large part of the area ...

출처: Agromeat