Argentina soybean area seen up 1.2% to 17M ha on corn pest, export tax cut

Argentina's Bolsa de Cereales projects a 1.2% increase in soybean planted area to 17 million hectares, driven by reduced corn planting due to chicharrita pest pressure in the north and improved oilseed competitiveness from higher prices and lower export duties. Climate remains a key risk. This signals a potential shift in Argentina's crop mix, affecting global soybean supply expectations.