Argentina’s 2019-20 soy output forecast rises 3%, BAGE

Soybean output for Argentina, is forecast at 54.5 million mt, up 3% on previous estimates in 2019-20 crop year (November-October), on good crop conditions across the country, according to the Buenos Aires Grains Exchange. The  world’s third largest soy producer and exporter is projected to export 8.2 million mt of soybeans in 2019-20, down 10% on the year, the USDA said in its latest world agricultural supply-and-demand estimates. The country’s soybean meal exports are forecast at 30.85 million mt, up 10%, while soybean oil shipment are projected at 6 million mt, up 14% year on year.

Source: S&P Global