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Argentina Soybean harvesting slowed on the back of energy crisis. USA Soy planting commenced.
Published on: Apr 22 2022, 08:42
As per latest data, Argentina soybeans were 14.4% harvested as of late last week compared to 7.2% last year and 27% average. High fuel cost attributed to the slow harvesting.
According to USDA latest planting report USA Soybean sowing progress stood at 1% Vs 3% previous year and 2% five year average.
China’s 2022 Soybean demand may fall up to 6% on dip in feed requirement. Negative crush margin since Feb’22 too attributed to di in demand.
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