Argentine soyabean production to fall

Soyabean production in Argentina will fall by 1M tonnes to 50M tonnes in the 2020-21 marketing year due to dry weather conditions, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

A 17.5M ha planted area would be maintained but the reduced soyabean output was due to dry weather on some early planted soyabeans and delayed plantings while farmers waited for rain, a World Grain article on the GAIN report said 1 January. Later planted soyabeans were expected to have slightly lower yields than earlier planted fields.

Argentina’s soyabean exports were also projected to fall 1M tonnes to 7M tonnes for 2020-21.

The USDA also reduced Argentina’s crush to 41M tonnes, a 1.5M tonne fall. However, this was still 10.2% higher than estimated 2019-20 levels due to crushers benefiting from new export taxes and normal operations resuming following COVID-19 and port worker strikes.