(Photo: national yield averages 3,320 kg per hectare, marking a record)

Buenos Aires, April 11th. A wave of enthusiasm goes through the Argentine countryside. At the same time that the Buenos Aires Grain Exchange predicted a 20.6 million metric tons wheat harvest for the 2019/20 campaign, the Rosario Grain Exchange (BCR) announced that they estimate now 56 MMT of soybean production and 48 MMT of corn production for this 2018/19 campaign.

With 15% of the national soybean area already harvested, the BCR points out that yields are being surprising and predicts a record national yield of 3,320 kilograms per hectare. Therefore, they rose the national output from 54 to 56 million metric tons this months.

Via twitter, agronomist and farmer Diego Muñiz Barreto shows pics of his combines collecting soybean plots from 4,000 to 6,000 kg/hectare, in the West of Buenos Aires province.

From Entre Rios province, farmer Juan Perez Zabala was glad with its Don Mario 50i17 IPRO STS seeds, that yielded above 4,200 kg/hectare. “A great job, a great year”, the farmer synthezed in his twitter account.

But not all is good news. As yields are higher than in other campaigns, protein content are dropping. According to journalist Mariano Galíndez, from PuntoBiz (a website based at Rosario city), the crushing industry is warning about the poor quality of the bean they are receiving. “Facing the bad quality of the soybean that is arriving to ports, there are crushing industries talking about to modify the quality standard of soybean meal shipments to avoid rejections. Other factories propose to reduce the receiving tolerance in the contracts from 45.5 to 45%, also to prevent rejections”, Galindez says.

Returning to the BCR report, corn national average yield was rose to 8,490 kg/hectare, and the total production from 47.3 MMT in March to 48 MMT this month, marking a new national record.