Argentina Forеcast for soybean production in 2017 – 2018 is lowered again

According to estimate of Agritrend, in 2017 – 2018 soybean crop may decline to 52 million tonnes, by 7% less compared to the previous season.

According to forecast of the Buenos Aires Grain Exchange, in 2017 - 2018, areas under soybean cultivation are reduced to 18.8 million hectares and the crop will be 54.5 million tonnes (-4.9% at 57.3). WGiven the current poor sowing conditions in Argentina, areas can be reduced to 18.2 million hectares.

The soybean harvest in Argentina started in October, but this year due to precipitation it will be delayed.