The agency expects Argentina 2024/25 annual soybean production to be between 5,200 and 53 million tons
Golden Ten Futures, September 12, according to foreign media reports, the Rosario Grain Exchange said on Wednesday that Argentine farmers are more inclined to sow more soybeans this year, because corn planting is affected by dry weather and the threat of pests and diseases. Argentina is expected to plant 17.70 million hectares of soybeans in 2024/25, an increase of 7.5% from the previous year; soybean production is expected to be 5,200-53 million tons. However, the exchange said that "the September rains have not come", some farmers are "forcibly" planting, and the soil moisture conditions in the central planting areas are not good. "Therefore, in the future, it will be more dependent on rain." Argentina's corn planting area in 2024/25 may be 21% lower than the previous year, with only 8 million hectares, which will make the harvest between 51 million and 52 million tons.