May 05, 2021

2020/21 Argentina Soybeans 33% Harvested vs. 56% Average

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

The 2020/21 Argentina soybeans were 33% harvested late last week compared to 68% last year and 56% average. This represents an advance of 14.4% for the week. In the core production areas, the soybeans were 55-60% harvested with 20-30% harvested in the southern areas and 10-15% harvested in the far northern areas. The early planted soybeans were 45% harvested and the later planted soybeans were 6% harvested.

The nationwide average soybean yield thus far is 3,030 kg/ha (45.1 bu/ac), which is unchanged from last week according to the Buenos Aires Grain Exchange. The yields are ranging from 1,670 kg/ha to 3,250 kg/ha (24.8 bu/ac to 48.4 bu/ac).

Soybeans were rated 30% poor/very poor, 61% fair, and 9% good/excellent as of late last week. The good/excellent percentage was unchanged compared to the prior week. The soil moisture for the corn was rated 8% short/very short, 91% favorable/optimum, and 1% surplus.

The Buenos Aires Grain Exchange left their soybean estimate unchanged at 43.0 million tons.