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Post reduces its MY 2021/2022 soybean production estimate to 41 million metric tons (MMT), 4 MMT below the official USDA estimate. Despite rains in January which forestalled greater losses, high temperatures and dryness in December and early January caused considerable damage in key growing areas and depleted soil moisture reserves.
Post forecasts Argentine 2022 beef exports at 630,000 tons carcass weight equivalent (cwe), the lowest volume since 2019.
Post projects 2020 Argentine chicken meat production at 2.3 million metric tons, up very slightly from 2021 levels.