Feb 04, 2025
2024/25 Argentina Soybean Estimate Unchanged at 49.0 Million Tons
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
The 2024/25 Argentina soybean estimate was left unchanged this week at 49.0 million tons with a lower bias going forward. Since the soybean estimate has been lowered three weeks in a row, I decided to keep it unchanged this week and see how the weather plays out.
Rainfall last week favored western and northwestern Argentina with some weekend rain in southeast La Pampa and southwestern Buenos Aires. Most of the country remained dry last week. The forecast is calling for rain in south-central areas mid-week which should improve soil moisture. Dryness will continue to build across northern areas and temperatures will remain warm.
Soybean planting is complete in Argentina. Approximately 50% of the early planted soybeans are flowering and setting pods and 6% of the double crop soybeans are flowering. Nationwide, 29% of the soybeans are filling pods. Soybeans in the northern core region are the most advanced with 55% filling pods.
Soybeans in Argentina were rated 28% poor/very poor, 52% fair, and 20% good/excellent as of late last week. The good/excellent percentage is down 2% for the week. Soil moisture for soybeans is rated 42% short/very short and 58% favorable optimum. The favorable/optimum percentage is up 3% for the week. Below is the soybean rating in Argentina for January 29, 2025 from the Buenos Aires Grain Exchange.
2024/25 Argentina Soybean Ratings*
| Condition | Soil Moisture | |||
|---|---|---|---|---|
| Poor/V. Poor % | Good/Excellent % | Short/V Short | Favorable/Optimum | |
| Dec 26, 2025 | 4 (3) | 58 (45) | 12 (10) | 88 (90) |
| Jan 2, 2025 | 4 (3) | 58 (50) | 19 (6) | 81 (92) |
| Jan 8, 2025 | 8 (1) | 49 (55) | 23 (7) | 77 (90) |
| Jan 15, 2025 | 21 (9) | 32 (40) | 40 (8) | 60 (92) |
| Jan 22, 2025 | 28 (14) | 22 (34) | 45 (20) | 55 (80) |
| Jan 29, 2025 | 28 (2) | 20 (29) | 42 (40) | 58 (60) |
*Source: Buenos Aires Grain Exchange – Crop Condition & Development Stages