The Argentine soybean crop is progressing with leaps and bounds. This week, 12% of the acreage have been harvested so Meanwhile, 74% of the beans are retracted. The world's largest exporter of soybean meal is a bean crop of 59 million tons, 5.6 million tons more than last year's record harvest. This harvest estimate pushed global food prices at a five-year low in April. Soybean cultivation in Argentina developed extremely well in the last 20 years at the expense of the maize and wheat cultivation, so the population already feared that the monoculture in the long run destroyed the fertile soils of the Pampa. Soy beans are subject to any quota system of the Government in Argentina.
