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March 24, 2021

2020/21 Argentina Soybeans Approximately 1% Harvested

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

Rains last week in Argentina helped to stabilize the soybeans at least for the time being. The soybeans in Argentina continue to be variable because the rainfall as been variable. The rainfall over the weekend was mostly across the northern areas, but the forecast for this week is calling for additional rainfall across the central production regions. If this forecast verifies, it would be particularly beneficial for the double crop soybeans that are now starting to fill pods.

The soybeans were 0.7% harvested last week compared to 0.7% last year and 1.1% average. The early planted soybeans were 23% maturing while the later planted soybeans were 27% filling pods.

The 2020/21 soybeans in Argentina were rated 32% poor/very poor, 62% fair, and 6% good/excellent as of late last week. The good/excellent percentage compares to 6% the prior week and 33% last year. The soil moisture for the soybeans was rated 42% short/very short and 58% favorable/optimum. The favorable/optimum percentage compares to 53% last week and 68% last year.