The soybean continues without finding its floor: they cut the harvest to ↓ 22.5 million tons
Juan Manuel Niveyro
Brokerage Influence and Representations agricultural business Trading
In the last week, combines have advanced on soybean crops and the bad news keeps coming.?According to the?Buenos Aires Grain Exchange?(BCBA), the yields were below expectations and announced a cut of 2.5 million tons compared to last week.?Thus, the oilseed harvest fell to 22.5 million tons.?
At the national level, the progress of the campaign indicates an advance of 24.4% of the suitable area, with an average yield of 1,610 kilos per hectare.?According to the entity, the core region registered the?largest drops in yields.?
In the north of the core zone, the harvest advanced on 55% of the planted area, with an?average yield of 1,780 kilos per hectare?, while towards the south of that region 42% of the total was harvested, with an average productivity of 1,500 kilos per hectare.?
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In parallel, threshing in the north of?La Pampa?and the west of Buenos Aires reached 48% of the first sown soybean area, with an average yield of 1,720 kilos.?"A value below expectations," they warned.?
In the center and north of Córdoba, the yields reported by the Buenos Aires stock market averaged 1,300 kilos.?At one end of the scale, the minimum reached 300 kilos and the maximum reached 2,500 kilos.?In Entre Ríos, the average production was between 700 and 850 kilos per hectare.?
FOR NOW, THE CORN REMAINS
Maize?advanced to 14.7% of the total area, with an average yield of 4,110 kilos per hectare?.?Although the projection of 36 million tons is maintained, the?high heterogeneity in productivity?is worrying .?
The weather continues to affect the development of the cereal.?"Some frosts registered in the province of Buenos Aires partially affect the corn squares that transited?the filling of grains?," they pointed out.
In this way, sowings that are later than usual suffer damage from frost, when going through their yield definition period in suboptimal conditions.?Towards the north of the country, the potential yields show a high heterogeneity due to the variable rains that the fields received.?
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"To date, producers continue to make applications in order to control different diseases and attacks by lepidoptera," remarked the bag's technicians.?Regarding the harvest, the yields remain below the expectations of the beginning of the campaign.
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