Argentina Jan crush falls 8% year-on-year 2.8 million mt

The Argentinian soybean crush for January was reported at 2.8 million mt, up 25% from December, but down 8% year-on-year. The figures come at a time when private analysts are estimating a steep fall in Argentina’s crop production, with many now predicting the nation will produce 50 million mt or less, down at least 15% on the previous year. However, the 2018 January crush was up 10% from the five-year average and the third highest recorded for Argentina in 10 years.