Nov 03, 2021

2021/22 Argentina Soybeans 4.6% Planted

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

There were some rains over the weekend in western and south-central Argentina that led to some improvement in soil moisture. The forecast for this week is for rains to spread across much of Argentina especially in the western regions. This should improve soil moisture, but dry weather is forecasted to return in the 6-10 period.

The soils in Argentina are 3-4 inches short on moisture and some farmers are waiting to plant their soybeans until they receive more rainfall. There are rains in the forecast, but they are forecasted to be variable in intensity and coverage. With a looming La Nina, farmers in Argentina remain very cautious.

The soybeans in Argentina were 4.6% planted as of late last week according to the Buenos Aires Grain Exchange. This is about average for this time of the year and most of the soybeans that had been planted were in the core production areas.

The Grain Exchange is estimating the 2021/22 soybean acreage at 16.5 million hectares (40.7 million acres), which is down 400,000 from last year (988,000 acres) and the smallest soybean acreage in 15 years.