Bolsa: soybean planting in Argentina is lower than the same period last year
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: as of January 22, 97.5% of Argentina's soybean planting was completed in 2004 / 05, slightly higher than 96% a week ago, according to the Buenos Aires Grain Exchange In contrast, soybean planting in Argentina was 100% completed in the same period last year According to the exchange, the abundant rainfall over the weekend has relieved most crops from the short-term drought, but due to the uneven rainfall, there are still quite a lot of areas that need more rainfall The exchange forecasts that the soybean planting area in 2004 / 05 will be 14.7 million hectares, and 14.328 million hectares have been planted In 2003 / 04, the sown area was 14.5 million hectares and the output was 32.2 million tons The Ministry of agriculture of Argentina recently predicted that the soybean production in 2004 / 05 will be between 31 million tons and 39 million tons, and the production scale depends on weather factors Production is most likely to be around 35 million tons The U.S Department of Agriculture estimates that Argentina's soybean production in 2004 / 05 will be 39 million tons
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