The soybean crop in South America was below the projected level
Gross harvest of soybeans in South America this season will not be a record, a preliminary assessment of the experts was slightly exceeded. The average yield of oilseeds has declined steadily in the course of the harvesting campaign.
currently, the harvesting campaign is nearing completion, however, the results cannot be optimistic. Besides, in the South of the country continued heavy rains, and North-Eastern regions suffer from dry weather conditions.
an Unpleasant surprise were the excessive precipitation in the regions of Argentina, where they grow the most soybeans. If a few weeks ago, the soybean crops were in excellent condition, and the average yield reached a record high, today good yield to fail. Analysts estimate the potential loss of soybeans through adverse weather conditions in Argentina 2-3 million.
According to current forecasts, the gross harvest of soybeans in South America this season will be 169.3 million. For comparison, in the season of 2014/15 my the General production of soybeans reached a record 171,4 million.