Argentine Corn and Soybean Planting Completed

Argentina ranks among the world's leading soybean and corn producers and exporters. The nation has finished planting its 2022/23 crop of soybeans and corn. For soybeans, the total planting area for the country in the 2022/23 season has been reached at 16.20 million hectares, slightly lower than 16.30 million hectares in the previous year. Argentina anticipates producing 33.5 million tons of soybeans this year, which is a decline of 23% compared to the previous year.

The planting of corn for Argentina's 2022/23 season has been finished, with a total seeding area of 7.10 million hectares, down from 7.70 million hectares in the previous year. The nation expects to produce an estimated 41 million tons of corn this year, a decrease of 21% compared to the previous year.

According to the most recent weekly crop condition report from Argentina, the 2022/23 soybean crop has a rating of 67% poor/very poor, 31% fair, and 2% good/excellent. Soil moisture levels for soybeans are 74% poor/dry and 26% favourable/optimum. In the case of corn, the crop has a rating of 56% poor/very poor, 38% fair, and 6% good/excellent. Soil moisture levels for corn are 63% poor/dry and 37% favourable/optimum.