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Post forecasts Uruguay’s marketing year (MY) 2024/25 soybean up to 3.4 million metric tons (MMT) on increased soy acreage planting, driven by increased acreage in second or late crop soy due to producers fears of another dry year of La Niña weather pattern and potential disease threat to corn, preferring soy over corn.
Post estimates marketing year (MY) 2022/2024 soybean production at 875,000 metric tons (MT), the lowest level in sixteen years due to a historic drought affecting Uruguay and neighboring Argentina. As a result, Post reduces MY 2022/23 exports to 850,000 MT.
For marketing year (MY) 2022/23 Post projects continued expansion of soybean planted acreage to 1.225 million hectares (HA) and production of 2.8 million metric tons (MMT).
Post reduces estimated 2020/2021 soybean production to 2.125 million tons on dry conditions in February and early March, resulting in reduced exports of 1.97 million tons.
Post reduces estimated 2020/2021 soybean production to 2.125 million tons on dry conditions in February and early March, resulting in reduced exports of 1.97 million tons.
Post projects 2020/2021 Uruguayan soybean planted acres at 920,000 hectares, a decrease of 80,000 HA or 8% from 2019/2020 with total production of 2.35 million tons.
Post forecasts 2019/20 soybean production to fall by 11 percent to 2.4 million tons based on a reduced planting area and average yields.
Total production of grain and other crops on a grain equivalent basis is estimated at 5.75 million metric tons (5 MMT, milled basis for rice and grain equivalent for soybeans) in marketing year....
Post forecasts 2018/19 soybean area stable at 1.2 million hectares with yields averaging 2.5 tons per hectare expected to produce 3 million tons.
Post forecasts 2017/18 area planted to remain stagnant at 1.2 million hectares. This area and a return to historical yields are forecast to produce 3 million tons.
Post forecasts 2016/17 production area at 1.1 million hectares, a decrease of 8 percent from Post’s area estimate of 15/16.
In a time of tight margins due to lower commodity prices, only soybeans make financial sense.