Favorable weather conditions have allowed Argentine farmers to make quick progress with soybean planting over the last week, according to the Buenos Aires Cereals Exchange.
Fieldwork moved forward 14.4 percentage points to cover 44.8% of the projected area of 50.9 million acres, it said in a weekly report.
However, planting remains 4.1 points behind last year, a delay caused by heavy rains that fell in October and early November and also by the fact that a larger proportion of the crop is being planted after wheat this season.
Argentina is the world's No. 1 exporter of soymeal and soyoil.