Argentina soybean harvest at record pace, yields decline

Argentina’s soybean harvest accelerated over the past week with harvested areas reaching 54% of the planted acreage, an increase of 14.4 percentage points on the week and up 21.7 percentage points on last year: BAGE. The accumulated harvested volume crossed the 22 million mt mark, with the total expected at 38 million mt, unchanged on the week. Average yields slipped back from 2.56 mt per hectare last week to 2.38 mt per hectare, as the majority of lots in good condition are already harvested and action now moves towards areas that have suffered more severely from the drought.