The forecast for soybean harvest in Argentina for the years 2024-2025 has been increased to 52 million tons. Farmers are choosing soybeans due to the corn epidemic.

According to FAS USDA forecast, soybean production in Argentina in 2024-2025 is expected to reach 52 million tons, with processing forecasted at 42 million tons. Farmers prefer soybeans due to the corn epidemic, low prices, and drought. Sunflower crops are projected to increase to 1.9 million hectares, with an expected yield of 4 million tons.

9 November 2024

According to forecasts from the Foreign Agricultural Service of the USDA (FAS USDA), the soybean harvest in Argentina in 2024-2025 is estimated to reach 52 million metric tons. This forecast is one million tons higher than the previous estimate made by experts at the service in Buenos Aires.

Local farmers prefer to grow soybeans instead of corn due to concerns about the corn dwarfism epidemic. Low corn prices and expectations of dry weather also encourage farmers to switch to soybean cultivation.

The forecast for soybean processing in 2024-2025 is increased to 42 million tons based on assumptions of crop growth and imported volumes, mainly from Paraguay. This growth is attributed to the recovery of Argentina's processing sector after several dry years.

FAS USDA also predicts an increase in sunflower seed sowing area to 1.9 million hectares with an expected yield of 4 million tons, although growth will be limited by dry conditions in the northern part of the country during planting.

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The forecast for soybean harvest in Argentina for the years 2024-2025 has been increased to 52 million tons. Farmers are choosing soybeans due to the corn epidemic.

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