Argentina: Oilseeds and Products Update
Link to report:
Post projects Argentine 2020/21 soybean production at 47.5 million tons, 500,000 tons below USDA official. 2020/21 sunflowerseed production is lowered to 2.65 million tons, 250,000 tons below USDA official. While heavy rains in January allowed for a recuperation of oilseed crops in much of the country, dryer weather in Buenos Aires Province is leading to lower yield projections. Post raises peanut production 50,000 tons to 1.4 million tons on good weather conditions in southern Cordoba and San Luis Provinces. After strikes cut oilseed processing volumes to record lows in December, plants have restocked and Post anticipates a strong crush leading up to harvest in March.
