Argentina: Oilseeds and Products Update
Link to report:
Post lowers its MY 2021/22 projected planted area for soybeans to 17.0 million hectares. This reduction of 500,000 hectares will translate to total projected production of 49.7 million metric tons, 2.3 million metric tons below the USDA Official estimate. The reduction in area is driven primarily by better anticipated margins for other crops, especially corn. Dry weather in the northernmost sunflowerseed production area meant that some farmers didn’t plant or delayed August planting in many parts of the Provinces of Chaco and Santiago de Estero, but good planting conditions in Santa Fe Province mean that northern Argentina will see a partial recuperation of sunflowerseed production in comparison with MY 2020/21.
