BAGE: Argentina soybean harvest 8.8% complete as of April 6

Foreign media, April 10 news: The weekly report released by the Buenos Aires Grain Exchange (BAGE) said that Argentina’s 2021/22 soybean harvest was 8.8% in the week ended April 6, 2022, higher than The average yield was 3.115 tonnes per hectare from 4.4% a week ago, down from 3.21 tonnes per hectare a week ago.

770,000 hectares of soybeans were harvested that week.

It is worth mentioning that there have been new frosts in the past week, with northern Lapamba, western Buenos Aires province, and southern regions of both provinces being the areas most affected by frost.

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 Friday (April 8), the U.S. Department of Agriculture forecast Argentina’s soybean production at 43.5 million tons, unchanged from last month’s forecast and down from 46.2 million tons the previous year.

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.