2023/24 Argentina Soybeans 77.9% Harvested

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The 2023/24 soybeans in Argentina were 77.9% harvested as of late last week, which represented an advance of 14.2% for the week. In the core regions, the soybeans are 85-90% harvested with 45-55% harvested in southern areas and 60% harvested in far northern Argentina.

The average nationwide soybean yield last week was 3,120 kg/ha (46.4 bu/ac), which is down 0.8 bu/ac from the prior week. Soybean yields range from a low of 1,780 kg/ha (26.5 bu/ac) in northern Argentina to a high of 3,870 kg/ha (57.6 bu/ac) in the northern core region. Below is the soybean harvest progress in Argentina for May 22, 2024 from the Buenos Aires Grain Exchange.

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Soybeans in Argentina were rated 28% poor/very poor, 47% fair, and 25% good/excellent as of late last week. The good/excellent percentage was up 1% from the prior week. The soil moisture for the soybeans was rated 25% short/very short and 75% favorable/optimum. The favorable/optimum percentage was down 4% from the prior week. Below is the Argentina soybean rating for May 22, 2024 from the Buenos Aires Grain Exchange.

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2022/23 Argentina Soybean Ratings*

Condition Soil Moisture
Poor/V. Poor % Good/Excellent % Short/V Short Favorable/Optimum
Apr. 11, 2024 22 (65) 31 (3) 27 (55) 72 (45)
Apr. 17, 2024 22 (63) 30 (4) 20 (50) 78 (50)
May 1, 2024 25 (57) 29 (4) 12 (47) 84 (53)
May 8, 2024 26 (51) 27 (5) 14 (43) 84 (57)
May 15, 2024 28 (48) 24 (14) 20 (42) 79 (58)
May 22, 2024 28 (47) 25 (5) 25 (32) 75 (68)

*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages

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