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Post increases marketing year (MY) 2024/2025 soybean production to reach 52 million metric tons (MMT), up 1 MMT higher than USDA official and Post’s previous estimate on 17.2 million hectares (MHA) harvested as producers shift to more soy away from corn over fears of the impact of corn stunt (leafhopper/Chicharrita) in corn, continued low prices, and expected dry conditions.
Argentine wheat production in marketing year (MY) 2024/2025 is estimated at 18 million tons (MMT) with exports (including wheat flour in its wheat equivalent) at 12 million tons, slightly above USDA official.
Post projects 2025 Argentine chicken meat production to rise to 2.55 million metric tons (MMT), while exports are projected at 180,000 metric tons as the Chinese market remains closed to Argentine exports.
2015/16 soybean production area is unchanged at 20 million hectares with production forecast at 57 million tons.
2015/16 soybean production area is unchanged at 20 million hectares with production forecast at 57 million tons.