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  • How much soybean is produced in Argentina?
  • Soybean Production in Argentina For the 2022/2023 marketing year, Argentina’s soybean production is estimated to reach a 14-year low of 33.0 million tons, a significant drop from previous years.
  • What factors affect soybean production in Argentina in 2023?
  • In Argentina, key regions contributing to soybean production include Buenos Aires and Córdoba, accounting for 31% and 28% of total soybean production respectively. Challenges: The Historic Drought of 2023 One of the key factors impacting soybean production in Argentina in 2023 is the severe drought, termed “historic” by some reports.
  • Does Argentina have a significant impact on global soybean trade?
  • As one of the world's leading soybean exporters, Argentina has a significant impact on global soybean trade. But the 2023 agricultural year...
  • Does Argentina export soybeans to China?
  • A remarkable quantity of soybeans has been exported to China, with a total of approximately 620,324 tons from Jan to June, according to AgFlow data. This highlights China’s role as a major market for Argentina’s soybean exports. In addition, Peru received around 19,999 tons in May, indicating a broader reach of Argentina’s export activities.
  • How resilient is Argentina's soybean sector?
  • Despite these challenges, Argentina’s soybean sector is showing signs of resilience. It’s estimated that farmers in Argentina will increase their soybean acreage by 700,000 hectares to 16.7 million, mainly because soybeans are cheaper to grow and are less inclined to be impacted by adverse weather.
  • Will soybean production recover in 2023/2024?
  • For the 2023/2024 marketing year, a recovery in soybean and peanut production is projected at 50.5 MMT and 1.32 MMT, respectively, due to higher planted acreage and a hopeful return to normal weather conditions. Argentina Soybean Exports