Insight Focus
- Argentina’s soy harvest will be the worst in 23 years.
- American soy acreage is unchanged this year.
- The USDA expects record Chinese soy imports this year.
While yields were busy COLLAPSING in Argentina during the “what should I plant this year?” season in North America (November 2022 through February 2023)…
That looked like this on the ground…
And results in this production loss…
With US soybean ending stocks that look like this…
The US farmer decided to plant this…(the same acreage as last year…NO change!)…
Leaving these guys in a bad spot…(first estimate from USDA’s ag attaché in China forecasts record imports)!
It should be a fun summer!