Argentina: Soybean Yield May Reach 57 Mln Tons

According to information from market operators, farmers in Argentina will start soybean harvesting in two weeks’ time. First yield soybean is now ripening.

High production volumes are expected especially in the central and northern parts of the country.

Lower production is expected in the areas which were flooded a month ago. Yield is projected between 55.8 and 57 mln tons.

Soybean sales have dropped as a result of the lower soybean price in Argentina. Soybean meal is currently sold in bigger volumes and its export peak is expected in May, June and July. 80% of the old soybean yield has been sold while the new one has only sold 6%.