In Missouri, World Grain reported that the latest report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture forecasts a strong soybean production and crush in Argentina in the 2024-25 marketing year.
With nearly 90% of the soybean crop planted, crop development is progressing well with 93% of the crop in the ground reported in good or excellent condition, the FAS said.
“However, potential La Niña-induced dryness could still impact yields throughout the growing season,” the FAS said. “Despite these challenges, Argentina is set for record-high soybean crush, forecast at 42 million tona, driven by robust exports and a steady crush rate.”
The report noted that soybean output is pegged at 52 million tons, which would be the highest level in six years.
The agency also increased its soybean acreage forecast to 17.8 million hectares in 2024-25, up 900,000 hectares from its initial projection.
More on the story.
Tags: Argentina, soybean
Category: Food & Agriculture
