South America Calling

Argentine Soy Planting Accelerates In Last Week

Soybean planting progressed quickly across the central Argentine producing regions and 20% of projected area is now planted, said the Buenos Aires Cereals Exchange.

Planting moved forward 11 percentage points as rains replenished the soils.

However, planting in the No. 3 producing country remains three points behind average progress, in part because of the low temperatures seen at the start of the year, said the exchange.

Indeed, early-planted beans are developing slowly because of the colder-than-usual weather. Lower temperatures are expected to persist until the end of the month.

The exchange forecasts soybean crop area will total 48.9 million acres this season.

First-crop corn planting is now virtually complete with fieldwork limited to the south over the last week.

At the heart of the grain belt, farmers are planning when to plant second-crop corn in later November and December.

As of Thursday, Argentine farmers had planted 36.5% of their projected 6.7 million acres.



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