Argentina's soybean fields in good shape after recent rains, report shows
BUENOS AIRES, Nov 28 (Reuters) -Argentina's 2024/25 soybean crop is in good condition after getting a moisture boost from rainfall in the country's main farming regions in recent weeks, the Buenos Aires grains exchange said on Thursday.
According to the exchange's weekly crop report, 98% of the area planted with soybeans now has adequate to optimal moisture.
Argentina is the world's leading exporter of soybean oil and meal.
Farmers have so far planted 44.4% of the 18.6 million hectares (46 million acres) sown with soybeans, advancing 8.6 percentage points in the last week, according to the report.
Regarding the 2024/25 corn crop, the exchange said the rains "have allowed the continued improvement in the condition of early plantings (plots planted)," with nearly 97% of cases analyzed nationwide in normal or excellent condition.
The exchange estimates that Argentine farmers have already planted 41.3% of the 6.3 million hectares it forecasts will be planted with corn this season.
The exchange also said that 38.7% of the wheat for the 2024/25 campaign has already been harvested, with production estimated at 18.6 million tonnes.
Argentina is the world's third largest exporter of corn and a key global supplier of wheat.
Reporting by Maximilian Heath
Editing by Bill Berkrot
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