Feb 02, 2022

Argentina Soybean Planting Complete - Rain Helped, More Needed

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

Weather has improved in Argentina, but not all the moisture deficits have been resolved. Some of the soybeans in Argentina are still in a severe drought, other areas have adequate soil moisture, and still other areas are experiencing severe flooding. After several weeks of extreme temperatures, the temperatures have now fallen back to more seasonal levels.

Less than optimum plant populations are being reported in some areas due to the prior extreme conditions and soybean planting was completed later than normal. These later planted soybeans will need good weather through April if the crop is to achieve its yield potential and that is by no means guaranteed.

The soybeans in Argentina were 99.3% planted as of late last week compared to 100% last year and 100% average. This represented an advance of 4.5% for the week. The planting is essentially complete with just a few hectares left to be planted in northeastern Argentina. The Buenos Aires Grain Exchange lowered their 2021/22 soybean acreage another 100,000 hectares last week to 16.3 million hectares (40.2 million acres). Their soybean acreage is now down 200,000 hectares from initial expectations (494,000 acres).

The soybeans in Argentina were rated 19% poor/very poor, 43% fair, and 38% good/excellent as of late last week. The good/excellent percentage is up 8 points compared to the prior week. The soil moisture for the soybeans was rated 36% short/very short, 63% favorable/optimum, and 1% surplus. The favorable/optimum percentage was up 15 points compared to the prior week