Argentina’s weekly soybean, corn and wheat sales rise for new crop but fall for old crop

Soybean sales

Sales of the 2024-25 soybean crop doubled week on week to 70,000 tonnes, while sales of the 2023-24 crop fell sharply by 50.1% week on week to 382,000 tonnes.

Total sales for the 2024-25 crop year came in at 857,700 tonnes, down by 20.3% year on year from 1.07 million tonnes.

Regarding the 2023-24 crop, 27.83 million tonnes have been sold year to date, up by 110% year on year from 13.20 million tonnes of the previous crop.

Export license applications for the 2024-25 crop have not been issued so far, while 280,000 tonnes had been released a year prior for the 2023-24 crop.

Applications to export the 2023-24 crop came in at 4.42 million tonnes, up from 1.21 million tonnes a year earlier.

Corn sales

Farmer sales of the 2024-25 corn crop rose by 88% to 145,000 tonnes in the week to September 11, while sales of the 2023-24 crop were 4.1% lower at 1.18 million tonnes.

On a cumulative basis, 1.20 million tonnes of the 2024-25 crop have been sold year to date, down by 57% year on year from 2.80 million tonnes of the previous crop.

Total sales of the 2023-24 crop reached 32.25 million tonnes, up by 35% year on year.

Export license applications for the 2024-25 crop were at 400,000 tonnes, while 430,000 tonnes had been reported a year prior for the 2023-24 crop.

Export applications for the 2023-24 crop totaled 28.93 million tonnes, up from 20.13 million tonnes a year earlier.

Wheat sales

Farmer sales of the 2024-25 wheat crop surged to 141,000 tonnes in the week to September 11, and sales of the 2023-24 crop were down by 4.3% to 109,000 tonnes.

A total of 2.94 million tonnes of the 2024-25 crop have been sold year to date, up year on year from 1.51 million tonnes of the previous crop.

Cumulative sales of the 2023-24 crop reached 12.37 million tonnes, compared with 11.57 million tonnes during the 2022-23 marketing year.

Export license applications for the 2024-25 crop were zero, unchanged from the previous season.

Export applications for the 2023-24 crop stood at 1.78 million tonnes, down from 8.87 million a year earlier.

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