Argentinian soy harvest ahead of last year, but yields down over 30%

20.04.2018

Argentinian soy harvest ahead of last year, but yields down over 30%

The Argentinian soy harvest jumped 16 percentage points in the last week to 39.6%, well ahead of last year when progress stood at 23.3%, the Buenos Aires Grain Exchange (BAGE) said Thursday.

However, yields are down by nearly a third as the country was hit by one of the worst droughts in recent years, keeping the soybean forecast unchanged at 32 million mt – down 18 million mt on the year.

The average national yield this year is 2.46 mt/ha, down over 1 mt/ha compared to last year as high regional variability shows plots yielding anywhere from as little as 0.5 mt/ha to as much as 5 mt/ha.

Argentina’s corn harvest progressed to 29.5% of the total 5.4 million hectares planted, with the average yield coming in at 7.27 mt/ha, below the average achieved over the past five seasons.

Argentina is expected to produce 32 million mt, down 7 million mt on the year, BAGE said.


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