BAGE: Argentina soybean planting 94.8% complete as of January 19

Foreign media, January 23: The weekly report released by the Buenos Aires Grain Exchange (BAGE) said that the rains in the past week helped to improve the moisture content in central Argentina, which improved the situation of the fastest growing soybean crops. Stop getting worse. Still, there are plenty of soybean crops waiting for a cold front to improve precipitation.

Argentina’s soybean planting progress for 2021/22 was 94.8 percent in the week ended January 19, 2022, up 2.3 percentage points from a week earlier.

The exchange estimated Argentine soybean plantings at 16.4 million hectares this season, down from an earlier forecast of 16.5 million hectares and down from 16.9 million hectares in 2020/21 due to higher yields from growing corn in Argentina.

The exchange expects the country to produce 44 million tonnes of soybeans in 2021/2022, up 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.