2023/24 Argentina Soybeans 86% Planted

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Rainfall in Argentina over the weekend favored Santa Fe, Cordoba, and southern and eastern Buenos Aires. Rainfall this week will primarily favor northern Argentina.

The soybeans in Argentina were 85.8% planted as of late last week which represents an advance of 7.2% for the week. In the core regions, the soybeans are 95-98% planted with 70-80% planted in southern Argentina and 45-50% planted in far northern Argentina. The full season soybean planting is complete in many regions and 73% of the double crop soybeans have been planted. Approximately 17% of the soybeans have started blooming.

The soybeans are rated 2% poor/very poor, 56% fair, and 42% good/excellent. The good/excellent percentage is up 2% from the prior week. The soil moisture for the soybeans is rated 9% short/very short, 90% favorable/optimum, and 1% saturated. The favorable/optimum percentage is down 1% from the prior week.

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2022/23 Argentina Soybean Ratings*

Condition Soil Moisture
Poor/V. Poor % Good/Excellent % Short/V Short Favorable/Optimum
Dec. 7, 2023 2 (1) 35 (78) 15 (7) 84 (91)
Dec. 14, 2023 4 (1) 30 (85) 13 (9) 86 (84)
Dec. 21, 2023 3 (4) 37 (73) 6 (42) 91 (58)
Dec. 28, 2023 3 (30) 40 (10) 7 (45) 91 (55)
Jan. 3, 2024 2 (40) 42 (7) 9 (46) 90 (54)

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

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