Argentina: Oilseeds and Products Annual

For marketing year (MY) 2022/23 Post projects a recovery in Argentine soybean planted acreage to 17 million hectares (HA) resulting in 51 million metric tons (MMT) of soybean production as farmers shift acreage out of cereal crops that require more fertilizer. MY 2022/23 sunflowerseed planted acreage is projected up at 2 million HA, with total production estimated at 4 MMT in response to high prices. MY 2022/23 peanut planted acreage and production is reduced slightly due to competition from other row crops. MY 2021/22 soybean and sunflowerseed production estimates remain unchanged at 41 MMT and 3.4 MMT respectively. Projected soybean crush is reduced to 38.9 MMT, in part due to reduced imports from Paraguay. MY 2021/22 peanut production is lowered to 1.2 MMT on drought and early frosts.