Buenos Aires Cereal Exchange increases soybean production estimate for Argentina

03.03.2017

The Buenos Aires Cereal Exchange has increased its esimate for soybean production in Argentina to 54.8 million metric tons. The forecast is 1.2 million metric tons higher than the previous one.

The rains have returned to the southwest of the Buenos Aires province, where fires have been reported due to dry weather in December and January. In the northwest of that same province, south of Córdoba and Santa Fe, there has been a recovery from the floods and now precipitation levels are adequate. If the estimate is confirmed, there will be a 2.1 percent production fall comparing to last year.


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