Apr 12, 2022

2021/22 Argentina Soybeans 8.8% Harvested vs. 3.6% Last Year

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

It was a wet weekend in Argentina with the heaviest rainfall in western Buenos Aires, La Pampa, southeastern Cordoba, and southern Santa Fe. The wet weather slowed corn and soybean harvesting. Probably the most important weather event in Argentina last week were more frosts especially in northern La Pampa and western Buenos Aires. These recent frosts will have the biggest impact on the double crop soybeans in the area.

Soybeans in Argentina were 8.8% harvested as of late last week compared to 3.6% last year and 13.6% average. This represents an advance of 4.4 points for the week. In the core production areas, the soybeans are 10-35% harvested with less than 10% harvested in southern Argentina and less than 5% harvested in far northern Argentina. The early planted soybeans are 13.5% harvested and the later planted soybeans are 24% maturing and 0% harvested. The percentage of the 2021/22 Argentina soybean crop rated good/excellent declined 8 points last week to 25%.

The average soybean yield thus far is 3,120 kg/ha (46.4 bu/ac), which is down 1.4 bu/ac from last week. The yields range from a low of 2,000 kg/ha (29.8 bu/ac) to a high of 5,000 kg/ha (74.5 bu/ac).

The Buenos Aires Grain Exchange left the soybean estimate unchanged last week at 42.0 million tons even though they stated again that the soybean estimate may be revised downward depending on the extent of the damage caused by the frosts. In the April WASDE Report, the USDA left the Argentina soybean estimate unchanged at 43.5 million tons.