Foreign media news on December 19: The weekly report released by the Buenos Aires Grain Exchange (BAGE) stated that as of the week of December 15, 2021, the soybean planting progress in Argentina in 2021/2 year was 64.7%. This is an increase of 8.7 percentage points from a week ago and a decrease of 1% from the same period last year.
8.2% of soybeans begin to bloom (R1), and 90% of the soil moisture changes from sufficient to ideal.
The exchange estimates that the soybean planting area in Argentina this year is 16.5 million hectares, which is lower than the 16.9 million hectares in 2020/21 because of higher income from corn planting in Argentina.
The exchange estimates that the country’s soybean production in 2021/2022 will be 44 million tons, higher than the previous year’s 43.1 million tons.
Soybean planting in Argentina begins at the end of October, and soybean harvest starts in March and ends in May.