Argentina: Oilseeds and Products Annual

Post projects a decline of 500,000 hectares in soybean planted area and production of 51 million tons for marketing year 2020/2021 on higher export taxes for soybeans and products. Sunflowerseed acreage expected to recover to 1.9 million hectares. 2019/2020 soybean estimated production is reduced to 51.5 million on late season dry conditions in southern Santa Fe Province. 2019/2020 soybean projected exports are reduced to 6.5 million tons. COVID-19 related transportation bottlenecks are expected to ease through April 2020, but slow farmer selling may reduce crush rate in initial months of marketing year.

Argentina: Oilseeds and Products Annual