2024/25 Argentina Soybeans 8% Planted, Up 5% for the Week
The weather in Argentina continues to be hit and miss. There has been enough rainfall for planting and emergence, but not enough to recharge the soil moisture which remains below what it should be for this time of the year. The forecast is calling for light showers this week with improved chances of rainfall in the 6-10 day period.
Soybeans in Argentina were 7.9% planted as of late last week which represents an advance of 5% for the week. In the core production area, the soybeans are approximately 10% planted. The emergence of the first planted soybeans is reported to be good.
The Buenos Aires Grain Exchange is estimating the 2024/25 soybean acreage at 18.6 million hectares with a production of 50.8 million tons. This would equate to a yield of 2,731 kg/ha or 40.6 bu/ac, which seems exceedingly low to start the season.
Below is the soybean planting progress in Argentina for November 6, 2024 from the Buenos Aires Grain Exchange.
Below is the evolution of soybean acreage in Argentina from the Buenos Aires Grain Exchange.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Brazil’s wheat imports could rise to 9 mln tons as domestic crop declines
Uncertainty in the oil market has caused sunflower seed prices in Ukraine to plummet
The US has increased its soya bean exports to markets outside China by 9 %
Palm oil stocks in Malaysia have reached a nearly two-year high
The shortfall in grain storage capacity in Ukraine could reach 11 mln tons
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon