Dec 24, 2024
2024/25 Argentina Soybeans 76.6% Planted, Up 11.5% for the Week
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Argentina received some rainfall last week across central growing areas which boosted the soil moisture in Cordoba with spotty dryness remaining in Santa Fe and Entre Rios. Below normal rainfall is expected across Argentina for the next 15 days. Temperatures for the period are expected to be above normal, but extreme heat is not expected.
If the hotter and dryer forecast verifies, moisture stress could start to develop as the crop's water demand increases. The subsoil moisture was not recharged in most areas, so the crops are going to be highly dependent on timely rainfall. The weather pattern in Argentina, and far southern Brazil, looks like what is expected from a weak La Nina. It is entirely possible that the yield estimates for both soybeans and corn will decline in the weeks ahead.
Soybeans in Argentina were 76.6% planted as of late last week compared to 70% last year. This represents an advance of 11.5% for the week. In the core areas, the soybeans are approximately 85% planted with 50-70% planted in southern Argentina and 20-35% planted in far northern Argentina. The double crop soybeans are 53% planted and 10% of the soybeans are starting to flower.
The soybeans are rated 1% poor/very poor, 33% fair, and 66% good/excellent. The good/excellent percentage is up 1% from the prior week. The soil moisture for soybeans is rated 5% short/very short and 95% favorable/optimum. The favorable/optimum is up 1% from the prior week. Below is the soybean rating in Argentina for December 18, 2024 from the Buenos Aires Grain Exchange.
2022/23 Argentina Soybean Ratings*
| Condition | Soil Moisture | |||
|---|---|---|---|---|
| Poor/V. Poor % | Good/Excellent % | Short/V Short | Favorable/Optimum | |
| Nov 27, 2024 | 0 (2) | 54 (36) | 2 (16) | 98 (84) |
| Dec 4, 2024 | 0 (2) | 64 (36) | 2 (16) | 97 (84) |
| Dec 11, 2024 | 1 (4) | 65 (30) | 6 (13) | 94 (86) |
| Dec 18, 2024 | 1 (3) | 66 (37) | 5 (6) | 95 (91) |
*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages