May 27, 2020
2019/20 Argentina Soybeans 93% Harvested, Corn 43% Harvested
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Argentina Soybeans - Farmers in Argentina have harvested 93.3% of their soybeans compared to 85.0% last year and 80.9% average. This is the fastest harvest pace since 2012/13. According to the Buenos Aires Grain Exchange, the running soybean yield declined again this week to 2,990 kg/ha (44.2 bu/ac), which is down 0.6 bu/ac from last week. The Grain Exchange estimates that the final soybean yield will be in the range of 2,950 kg/ha (43.6 bu/ac) and they left their 2019/20 soybean estimate unchanged at 49.5 million tons.
The early planted soybeans are 97.3% harvested and the later planted soybeans are 84.8% harvested.
|2019/20 Running Soybean Yield - Buenos Aires Grain Exchange|
|Date||Soybean Yield - kg/ha||Soybean Yield - bu/ac|
|April 2, 2020||3,750||55.5|
|April 9, 2020||3,620||53.5|
|April 16, 2020||3,420||50.6|
|April 23, 2020||3,230||47.8|
|April 30, 2020||3,150||46.6|
|May 7, 2020||3,090||45.7|
|May 14, 2020||3,030||44.8|
|May 21, 2020||2,990||44.2|
Argentina Corn - The Argentina corn crop was 43.5% harvested late last week compared to 36.1% last year and 34.3% average according to the Buenos Aires Grain Exchange. This represents an advance of 3.5% for the week. The early planted corn was 68.1% harvested while the later planted corn was 3.4% harvested. Now that the soybean harvest is nearly complete, farmers will focus more of their attention on the corn harvest.
The corn was rated 37% good to excellent, which was 1 point higher than the prior week. The soil moisture for the corn was rated 96% favorable to optimum, which was 1 point higher than the prior week.
According to the Buenos Aires Grain Exchange, the running corn yield last week was 9,100 kg/ha (140.1 bu/ac), which was 1.2 bu/ac lower than the previous week. The Grain Exchange left their 2019/20 Argentina corn estimate unchanged at 50.0 million tons.
|2019/20 Running Corn Yield - Buenos Aires Grain Exchange|
|Date||Corn Yield - kg/ha||Corn Yield - bu/ac|
|April 2, 2020||9,160||141.0|
|April 9, 2020||9.170||141.2|
|April 16, 2020||9,250||142.5|
|April 23, 2020||9,230||142.1|
|April 30, 2020||9,220||141.9|
|May 7, 2020||9,210||141.8|
|May 14, 2020||9,180||141.3|
|May 21, 2020||9,100||140.1|