Market News & Headlines >> Argentine Planting Progressing Well

Argentina’s producers had planted 12% of their 2017/18 soybean crop and 35% of their total corn crop as of Nov. 8, the Buenos Aires Cereals Exchange said in a weekly crop update. 

The exchange said soybean planting progress was 1.1 percentage points ahead of last year’s pace and had expanded into the southern part of Argentina’s crop belt, but excessively wet conditions delayed progress in areas of Buenos Aires and La Pampa provinces.   

Corn planting has also expanded into the southern portion of the agricultural belt, the exchange said. Fields in the center and south of Buenos Aires are at the end of their ideal planting window for early crop corn. Tilling activities are being carried out for next month´s late planting season. 

Early planted corn fields are in good condition due to nitrogen applications. Early crop conditions were rated 91% good/excellent by the Exchange. Soil moisture conditions were rated 93.5% favorable/optimum/wet and only 6.5% poor.