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January 8, 2020

2019/20 Argentina Soybeans Stabilized with Improved Weather

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

The weather in Argentina has improved over the past several weeks and as a result, the dry areas of the country have shrunk. It is now estimated that approximately 10-15% of the soybean and corn acreage in Argentina still has a moisture deficit. The weather is far from perfect, but it has been good enough to stabilize the crops in Argentina. The driest areas of Argentina are probably southwest Buenos Aires province and La Pampa province.

The soybeans in Argentina were 84% planted as of late last week according to the Buenos Aires Grain Exchange. This represents an advance of 5% for the week and the planting pace is about 5% slower than last year. The full-season soybeans are approximately 91% planted and the double crop soybeans are approximately 27% planted. In the core production areas, the soybeans are 97-100% planted with 60-80% planted in southern Argentina and 25-45% planted in northern Argentina.

The early planted soybeans are flowering and starting to set pods. The double crop soybeans are still being planted or are in vegetative development. The soybean crop in general is rated 0% poor and 88% good to excellent, which is an improvement compared to last week. The soil moisture for the soybeans is rated 23.6% short and 12.9% optimum, which is a decline compared to last week.