Nov 16, 2022

2022/23 Argentina Soybean Planting Off to Slow Start

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

Rains were active across much Argentina over the weekend with moderate to heavy amounts in La Pampa, Buenos Aires, Cordoba, and Santa Fe. Amounts were between 1-2 inches with an isolated amounts of 5 inches in Cordoba. Most areas of Argentina are forecasted to receive 1-2 inches of precipitation early this week, which will continue to help improve soil moisture. After the rains predicted for early this week, a dryer pattern is forecasted to develop again in Argentina.

Nationwide, only a few percent of the soybeans have been planted, although there have not been any soybean planting estimates released. According to the Rosario Grain Exchange, in the core production area, three quarters of the soybeans will be planted outside the optimal planting window, which will end on November 15th. Soybean planting in the core area is 24% compared to 80% last year. It is turning out to be the most challenging planting season in 12 years.

In the November WASDE Report, the USDA lowered their 2022/23 Argentina soybean estimate 1.5 million tons to 49.0 million.