Argentina finishing big soybean harvest
The soybean harvest is winding down in Argentina.
Michael Cordonnier with Soybean and Corn Advisor says with more than 90 percent of the crop out, he’s raising his production estimate to nearly 50 million tons.
“Because the late-planted soybeans just did much better than anticipated.”
He tells Brownfield there was significant flooding in northern Buenos Aires in early June.
“But the yields outside of the flooded areas were so good that it compensated for most of the losses due to the flooding in Argentina. So as their crops come to a close here, kind of on a positive note for farmers in Argentina.”
Argentina is a leading exporter of soybeans, soybean meal, and soybean oil. The country also plays a vital role as a regional hub for soybean crushing.
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