Argentina's soybean plantings in 2023 24 reached 59 percent of the reserved area5%。The information was released this week by the Buenos Aires Grain Exchange. Up 78 percentage points. Compared to the 2022 23 harvest, it is nine percentage points ahead of the original plan.
*The exchange informs that "high-quality" soybeans (those planted earlier) have been almost planted. And, in some areas, the "second" (later) soybeans are already advancing. "35% of the plots are fully leafed, and more than 90% of the plots are in normal (66%) to good (30%) condition", he assessed. Crops considered poor accounted for 4% of the total.
In most areas (83%), water conditions were considered sufficient to continue the harvest. 1% is excessive and 13% is normal or dry. The total area of soybeans on the Grain Exchange** is 17.3 million hectares. As of this week, 10.3 million pots have been sold.
Corn
Argentina's 2023-24 corn sown area reached 49 percent of the reserved area3%。This ratio is equivalent to 3.49 million hectares out of a total planned area of 7.1 million hectares. In its weekly report, the Buenos Aires Grain Exchange reported that there were 421% of crops are considered to be in good to excellent condition. Sowing of late-cycle maize is progressing well.
Overall, 59% of districts are in normal condition;40%, from good to excellent;1% from fair to poor. Seventy-four per cent of the districts have good water resources. Excess humidity at 2% and 24% at 24%;There are recurrent or drought conditions.