Jan 28, 2025
2024/25 Argentina Soybean Estimate Lowered 2.0 mt to 49.0 Million
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
There were some scattered showers in Argentina last week with most areas staying dry. In northern Buenos Aires, Santa Fe, and Entre Rios rainfall has been less than 25% of normal over the past month. Rainfall this week will likely favor western and northern areas which should improve the soil moisture a bit. Much more rainfall will be needed to fully replenish soils and support crop growth.
Soybean planting in Argentina is in the final stages with 99.2% planted. Most of the soybeans left to plant are in far northern Argentina. The hot and dry conditions have impacted the yield potential of the early planted soybeans and resulted in reduced plant stands for the double crop soybeans. The soybean condition has deteriorated every week for the past six weeks and it will probably decline further. Therefore, the 2024/25 Argentina soybean estimate was lowered 2.0 million tons this week to 49.0 million.
The soybeans were rated 28% poor/very poor, 50% fair, and 22% good/excellent as of late last week. The good/excellent percentage is down 10% from the prior week. Soil moisture for corn is rated 45% short/very short and 55% favorable/optimum. The favorable/optimum percentage is down 5% from the previous week.
The Buenos Aires Grain Exchange lowered the Argentina soybean estimate last week 1.0 million tons to 49.6 million tons. Below is the soybean rating in Argentina for January 27, 2025 from the Buenos Aires Grain Exchange.
2024/25 Argentina Soybean Ratings*
| Condition | Soil Moisture | |||
|---|---|---|---|---|
| Poor/V. Poor % | Good/Excellent % | Short/V Short | Favorable/Optimum | |
| Dec 18, 2024 | 1 (3) | 66 (37) | 5 (6) | 95 (91) |
| Dec 26, 2025 | 4 (3) | 58 (45) | 12 (10) | 88 (90) |
| Jan 2, 2025 | 4 (3) | 58 (50) | 19 (6) | 81 (92) |
| Jan 8, 2025 | 8 (1) | 49 (55) | 23 (7) | 77 (90) |
| Jan 15, 2025 | 21 (9) | 32 (40) | 40 (8) | 60 (92) |
| Jan 27, 2025 | 28 (14) | 22 (34) | 45 (20) | 55 (80) |
*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages