BUENOS AIRES, Jan 18 (Reuters) – The Buenos Aires Grain Exchange may
again reduce its 2017/18 soy planting area estimate due to sowing delays
caused by dry weather in the northwestern part of Argentina, it said on
Thursday.
Last week the exchange trimmed its 2017/18 soy planting area estimate to
18 million hectares (44.5 million acres) from 18.1 million, citing
dryness in the bread-basket province of Buenos Aires.
Some 30 percent of the 1 million hectares slated for soy in this part of
the country has yet to be planted, the exchange said in its weekly crop
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“There is still the risk of not being able to finalize the planting
plans in parts of southern Salta and Tucuman provinces, where some
producers could move from soybeans to kidney beans,” the report said.
The window for sowing is rapidly closing because soy planted too late in
January starts running the risk of dying from early frosts during the
Southern Hemisphere spring in May and June. Argentine soy planting
starts around mid-October and usually extends only into the first week
of January.
The exchange said Argentine farmers had planted 96.7 percent of the
total area planned for 2017/18 soybeans nationwide.
