Browse Data and Analysis

For marketing year (MY) 2022/23 Post projects a recovery in Argentine soybean planted acreage to 17 million hectares (HA) resulting in 51 million metric tons (MMT) of soybean production as farmers shift acreage out of cereal crops that require more fertilizer. MY 2022/23 sunflowerseed planted acreage is projected up at 2 million HA, with total production estimated at 4 MMT in response to high prices.

Wheat exports in marketing year (MY) 2022/2023 are forecast down at 12.6 million metric tons (MMT), as result of a smaller acreage and lower productivity. Meanwhile, barley exports are projected up at 3.7 MMT, which would be the largest on record.

Chile remains the largest South American consumer-oriented market for U.S. exporters. Increasing wealth, lower barriers to entry, and the modern Chilean economy present opportunities for increased agricultural trade as COVID-19 restrictions and social-political tensions ease.

Argentine beef exports in 2022 are forecast at 700,000 tons, carcass weight equivalent, 30,000 tons below the official USDA number. This number is as the result of a marginally smaller slaughter and beef production than earlier projected.