No Change in Soybean Production Estimates for Argentina and Brazil

08-May-2025 10:15 AM

No Change in Soybean Production Estimates for Argentina and Brazil
Argentina
★ For the 2024/2025 season, Argentina’s soybean production estimate remains steady at 50 million tons.
★ As of April 30, 2025, 23.6% of the soybean crop has been harvested, compared to 35% at the same time last year. Weekly harvest progress stood at 9.1%.
★ Crop condition ratings: 22% poor to very poor, 39% fair, and 39% good to excellent.
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Brazil
★ Brazil’s soybean production estimate remains unchanged at 169 million tons.
★ Nationwide, harvest progress has reached 93–95%.
★ Brazil is exporting large volumes of soybeans to China, benefiting from the ongoing U.S.–China trade tensions, which have helped Brazil gain a competitive edge in the global market.