The soybean production estimate in Argentina for the 2024-25 season has been reduced by 1 million tonnes, from 53 million tonnes to 52 million tonnes.

This adjustment is due to drought conditions caused by a lack of rainfall, particularly affecting the southern core region of northern Buenos Aires and the southern part of Santa Fe province, where the crop is in a critical development phase.

The crop in these areas requires heavy rainfall to progress, but dry, hot weather has hindered its growth. While 97 percent of soybean sowing has been completed across the country, germination rates have been lower due to the ongoing dry conditions.

Additionally, 8 percent of the soybean crop is in poor or weak condition, while 43 percent is in normal condition and 49 percent is encouraging.

Around 23 percent of the fields are facing moisture deficits, putting the crop at risk of deteriorating further, with an urgent need for rain to prevent further damage.