Argentina: Oilseeds and Products Update
Link to report:
Post estimates MY 2022/2023 soybean production at 21.25 million metric tons (MMT), 3.75 MMT below the official USDA estimate on lower than expected yields. Soybean sales have been driven primarily by government programs offering exchange rate incentives and farmers are holding remaining soybean in anticipation of similar future programs. Precipitation levels have improved in recent months across much of the growing region.
