BAGE: Argentina soybean harvest 64.9% complete as of May 11

Foreign media, May 15: The weekly report released by the Buenos Aires Grain Exchange (BAGE) stated that Argentina’s 2021/22 soybean harvest was 64.9% in the week ended May 11, 2022, higher than At 54.7% a week ago, the average yield was 3.01 tons per hectare, down from 3.09 tons per hectare a week ago.

Soybean production so far has been harvested at 30.9 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 May 12, the U.S. Department of Agriculture estimated Argentina’s soybean production at 42 million tons, down from 43.5 million tons forecast last month and also below the previous year’s 46.2 million tons.

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.

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