Soybean sowing likely to begin in Argentina from mid-October

04-Oct-2024 03:16 PM

Soybean sowing likely to begin in Argentina from mid-October

Buenos Aires. The weather in the Latin American country Argentina is dry due to lack of rain while the temperature has also risen. Usually the weather there remains dry and hot at this time. Last week, there was light rain in the eastern part of Buenos Aires province, but there is a lack of rain in other areas. The temperature in the entire country has risen above the normal average.

Usually, soybean sowing begins in Argentina from the beginning of October, but this time farmers have to wait for rain. It is believed that the sowing process can start there from mid-October, but for this, the weather must be favorable. The decrease or increase in the production area of ​​soybean will depend on the area of ​​maize. The farmers of Argentina have now started giving special priority to soybean cultivation instead of maize. It will be interesting to see which crop the farmers are more inclined towards this time. Undoubtedly, the role of weather will also be important in this. If the weather remains drier than usual and the lack of rain persists for the next few weeks, farmers will not want to risk sowing corn and will instead wait for more rain to help increase soybean acreage. Soybean sowing there is carried out in two phases and continues for a long time.

The Buenos Aires Grain Exchange has estimated soybean production in Argentina to be 52 million tonnes in the 2024-25 season, while a leading analyst says that the total actual production could reach 57 million tonnes as the corn acreage is likely to decrease and soybean acreage to increase. Argentina is the third largest producer and exporter of soybeans in the world, while it ranks first in the export of soybean oil and soymeal, ahead of the US and Brazil. Most of the soybean oil in India is imported from Argentina. The weather conditions are not favorable in Brazil either.