2023/24 Argentina Soybeans 14% Harvested vs. 36% Average


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Last week, soybean harvesting in Argentina reached 13.9%, lagging behind the 36% average. Nonetheless, there was a 3% advancement within the week. With forecasts indicating drier weather and rising temperatures ahead, the pace of harvesting is anticipated to pick up in the coming days.

The projected soybean yield for Argentina in 2023/24 remains steady at 51.0 million tons this week. Initial yields in the central regions are promising, likely representing the season's peak performance. However, yields are anticipated to be lower in the southern and northwestern areas due to previous episodes of hot and dry weather affecting the crop.