BAGE: Argentina soybean harvest 54.7% complete as of May 4

Foreign media, May 8 news: The weekly report released by the Buenos Aires Grain Exchange (BAGE) said that in the week ended May 4, 2022, Argentina’s 2021/22 soybean harvest was 54.7%, higher than The average yield was 3.09 tons per hectare from 46.4% a week ago, down from 3.13 tons per hectare a week ago.

Soybean production so far has been harvested at 26.8 million tonnes.

The exchange currently continues to forecast soybean production in 2021/2022 at 42 million tonnes, down from 43.1 million tonnes in the previous year.

On April 8, the U.S. Department of Agriculture estimated Argentina’s soybean production at 43.5 million tons, unchanged from last month’s forecast and lower than the previous year’s 46.2 million tons.

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

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