Argentina's soybean harvest speeds up thanks to favorable weather: BA grains exchange

The country's corn harvest registered little progress in the last seven days as farmers prioritize soybean threshing, the exchange said, noting that the cereal harvest only advanced 1.4 percentage points in recent days, to 24.6% of the planted area. Argentina is the world's second largest exporter of corn and the exchange's estimate for the cereal's harvest is of 49 million tonnes.

Argentina's soybean harvest for the 2021/22 cycle gained momentum in the last week of April, the Buenos Aires Grains exchange (BdeC) said on Thursday, keeping unchanged its production estimate of 42 million tonnes for the oilseed. In its weekly crop report, the BdeC said that favorable weather conditions for fieldwork in central Argentina over the last week "provided fluidity to the harvesting work on the center of the country's agricultural area."

Argentina is the world's leading exporter of soybean oil and meal, and until Wednesday its farmers had harvested 46.4% of the area sown, marking a week-on-week advance of 15.2 percentage points. The country's corn harvest registered little progress in the last seven days as farmers prioritize soybean threshing, the exchange said, noting that the cereal harvest only advanced 1.4 percentage points in recent days, to 24.6% of the planted area.

Argentina is the world's second largest exporter of corn and the exchange's estimate for the cereal's harvest is of 49 million tonnes.

Also Read: Argentina to help low-income earners cope with inflation