The soybean harvest has ended, with yields above average and with the possibility of generating net exports of US$ 17.5 billion

Although the volume obtained It is 0.4% below what was registered last yearwas 19% above the average of the last five campaigns.

Another highlight was in the yield of the crop: according to the stock exchange entity, the average yield at the national level was positioned at 31.3 quintals per hectare (qq/ha)5% above the 2024/25 campaign and 21% above the average of the last five years.

Regarding these last two points, it is worth keeping in mind that the surface area implanted with the oilseed was significantly lower than in the 2024/25 cycle: 1.6 million fewer hectares were plantedequivalent to a drop of 8.6%.

In this sense, the Buenos Aires stock exchange detailed that the North and South Nuclei “recorded yields slightly higher than their historical averages, with maximums of up to 55 qq/ha in specific cases.”

Likewise, “the NOA and the north of La Pampa – west of Buenos Aires reached records for the PAS series, the latter standing out in both first and second class soybeans.”

As for the amount of foreign currency that the soybean complex can earn this campaign, private calculations estimate that the number could be around US$20 billion gross.

To RIA Consultoresa firm specialized in the grain trade, of a total volume produced around 50 million tons, between 5 and 6 million would be exported as beans, 6.5 and 7 million as oil and 30 million as flour.

These shipments would give rise to a gross income of US$ 20,000 million during the campaign and of US$17.5 billion nettaking into account imports of soybeans for industrialization, expected at 6 million tons.

For its part, the Rosario Stock Exchange (BCR) projected that for the 2025/26 cycle it is estimated that the complex will reach net exports of US$17.6 billionpractically identical to the value exported in the 2024/25 cycle.

However, exports recorded so far are performing below last year’s levels.

According to the BCR, accumulated shipments in the first semester stood at 20.1 million tons, 3% below last year and “the fourth lowest export rate in the last decade”.

“Even taking into account the dynamics of the rest of the crops, it is the first time in 26 years that soybean exports during the first half of the year have so little participation in the total, explaining only 33% of all tons sent to the rest of the world,” highlighted the Rosario entity.

The BCR technicians explained that “this occurs within the framework of greater commercial dynamism of the rest of the products that began to be harvested earlier and a lower predisposition to negotiate soybeans in the first part of the year, added to the fact that they were coming from a relatively low level of stocks.”

Regarding the marketingan unprecedented event is occurring in the domestic grain market: there are 3.4 times more priced cereals than soybeans, something that “had only happened once in the last thirty years.”

According to a BCR report from the end of June, there are 11.8 million tons of soybeans with a price in the physical market, which represents 23% of the estimated production for this campaign14 points below the historical average and lowest in more than twenty years. If the total volume sold is taken into account (soybeans with and without price), sales reach 40% of estimated productionbelow the 48% average of the last five years for this time.