Argentina Completes Soybean Harvest

Argentina, the world’s largest exporter of soybean oil and meal, has completed its 2024/25 soybean harvest. The final output is 50.3 million metrics tons, up 100,000 tons from the previous season, according to the Buenos Aires Grains Exchange. The country’s highest soybean output on record was 60.8 million tons, recorded 10 years ago.

According to the Exchange, the harvest concluded a season marked by drought and a heat wave during the Southern Hemisphere summer, followed by autumn rains that helped yields recover.

For the 2024/25 corn crop, the Exchange said that harvesting has progressed well due to mostly dry conditions, with 61.7% of the planted area harvested. Corn production is expected to reach 49 million tons.

Argentina is the world’s third-largest corn exporter.

EDITOR’S TAKE:

What happens in Argentina with respect to soybean and corn production has a large influence on global and U.S. markets. As the article points out, Argentina is the largest exporter of soybean oil and meal and the third largest exporter of corn. That said, there is still a lot of speculation between now and fall harvest in the U.S. about what the total global production and stockpile will look like at the end of this year. Argentine production of soybeans this season, while larger than the year prior, fell far short of their record.

Now is a perfect time to visit with soybean and corn producers about their crop prospects for this crop year. Offer them a pre-harvest or mid-season special on an oil change. Make sure you also point out your new and used inventory of high-quality trucks they might want to consider. Also, remember to mention AgPack® with over $45,000 in exclusive rebates and discounts that provide them with an immediate return on their truck investment. Very importantly, it helps lower their operating costs!