Brazil Argentina Soybean Report

17-Mar-2025 10:09 AM

Brazil Argentina Soybean Report
★ 2024/25 Brazil Soybean Harvest 60% Complete, Argentina Estimate Unchanged at 48.0 MMT
★ Last week, Brazil's northwestern production areas received rainfall, while other regions remained mostly dry. This week, similar rainfall patterns are expected, with increased chances of rain in southern Brazil. Last week, southern Brazil experienced very high temperatures, but this week, temperatures are expected to be slightly lower.  
★ Brazil's 2024/25 soybean harvest is 58.7% complete, compared to 52.6% last year and 56.2% average.  
★ The 2024/25 Brazil soybean production estimate remains unchanged at 170.0 MMT.  

Production estimates by different agencies (in MMT):  
- Celeres: 171.6  
- StoneX: 168.3  

★ In Argentina, weather conditions have improved significantly in recent weeks, stabilizing crops that previously faced drought concerns.  
★ Argentina’s soybean production estimate remains unchanged at 48.0 MMT.  

Argentina Soybean Crop Ratings:  
- 23% Poor/Very Poor  
- 44% Fair  
- 29% Good/Excellent (improving for the third consecutive week).