Argentina Soy Yields Above Forecasts as Wet Soil Slows Harvest, Exchange Says

By Maximilian Heath

BUENOS AIRES, June 5 (Reuters) – Argentina’s soybean yields continue to track higher than expected this season, the Rosario grains exchange said on Thursday, signaling that the process of harvesting the key agricultural export is however progressing slower than usual.

“Despite delays in the harvest, we continue to see higher yields than those initially expected, especially in the southern agricultural region and western Buenos Aires province,” the Buenos Aires exchange said in a weekly report.

Some 88.7% of this season’s soy has been harvested so far, it added.

Argentina is the world’s top supplier of soybean oil and meal, and the third-largest producer of corn.

Harvesting, which began in late March, has been hampered by heavy rainfall that has also slowed the 2024/25 corn harvest and the 2025/26 wheat planting season.

Argentine farmers have so far harvested 43.8% of their corn crop, the exchange added, and planted some 23.6% of the 6.7 million hectares they expected to plant with wheat.

The exchange expects the 2024/25 season to reap some 50 million metric tons of soy and 49 million tons of corn.

(Reporting by Maximilian Heath; Writing by Rafael Escalera Montoto; Editing by Sandra Maler)