The Rosaro Grain Exchange lowered its forecast for the 2022/23 soybean production in Argentina by 1 million tons to 20.5 million tons. The harvesting campaign is coming to an end.
According to the latest data from the Buenos Aires Grain Exchange, as of 06/07/2023, 94% of the soybean areas in Argentina have been harvested (+7% for the week, 99% a year earlier and 98% on average for the last five years).
The Ministry of Agriculture of Australia predicts that in 2023/24 the production of winter crops in the country will be 44.9 million tons (-34% compared to the coming season and 3% below the average level for the last 10 years).
