BAGE: As of March 9, 75% of Argentina’s soybean farmland has sufficient moisture content

Foreign media March 13: Rains in Argentina’s agricultural regions helped to improve soil moisture in the week ended March 9, 2022, according to a weekly report released by the Buenos Aires Grain Exchange (BAGE). 75% of soybean farmland has sufficient moisture.

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.

The exchange expects soybean production in 2021/2022 to be 42 million tonnes, down from 43.1 million tonnes the previous year.

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