Argentina completes 2024/25 soybean harvest

Argentina has completed its 2024/25 soybean harvest with 50.3 million tonnes, up 100,000 tonnes from the previous season, the Buenos Aires Grain Exchange said in its weekly crop report on Thursday.

The harvest capped a season marked by drought and a heatwave in the Southern Hemisphere summer, followed by autumn rains that helped restore yields, the exchange said.

The exchange said the country’s record soybean output was 60.8 million tonnes, the same as 10 years ago.

Argentina is the world’s largest exporter of soybean oil and meal. Amid a tariff standoff with the United States, China earlier chartered 30,000 tonnes of Argentine soybean meal, the first such shipment since Beijing approved imports from Argentina in 2019.

For the 2024/25 corn crop, the exchange said harvesting had gone well thanks to mostly dry conditions, with 61.7% of the planted area harvested. Corn production is expected to reach 49 million tonnes.

Tags: soybean, harvesting, Argentina