The Buenos Aires Grains Exchange reported on Thursday that the proportion of Argentine soybean plantings benefiting from optimal to excellent soil moisture increased to 77% in the past week, thanks to recent rainfall. Argentina holds a prominent position as one of the world’s leading exporters of processed soybeans, with the exchange projecting a harvest of 52.5 million metric tons for the 2023/24 season. In the primary cultivation area of the nation, the exchange noted that nine out of every ten hectares are experiencing normal to excellent crop conditions. Additionally, it emphasized that 69% of the late-planted soy crop is enjoying sufficient moisture levels crucial for its key developmental stage.