Experts of the “Buenos Aires” Grain Exchange predicted that the soybean harvest in Argentina during the current season 2023/2024 may reach 50 million tons, which is about 21 million tons more than the production of the last season 2022/2023, which was hit by drought.
At the same time, analysts ‘ forecasts were optimistic about wheat crop production, as Argentine wheat production is likely to rise in the new season to 16.5 million tons, compared to 12.1 million tons last season 2022/2023.
As for the corn crop, the corn harvest for the current season 2023/2024 in Argentina is expected to reach 55 million tons, compared to 34 million tons in the previous fiscal year 2022/2023.
