BAGE: 83% of Argentine soybeans in normal to excellent condition

Foreign media, February 13 news: The weekly report released by the Buenos Aires Grain Exchange (BAGE) stated that the proportion of Argentina soybean crop conditions from normal to excellent for the week ended February 9, 2022 was 83%. %. The improved crop condition is due to rains during mid-January.

Argentine soybean plantings this season are at 16.3 million hectares, down from 16.9 million hectares in 2020/21, as Argentina is more profitable from growing corn.

The exchange expects the country to produce 42 million tonnes of soybeans in 2021/2022, down from 43.1 million tonnes in the previous year.

Argentine soybean planting began at the end of October, and harvesting began in March and ended in May.