Recently, good dry weather will greatly help accelerate the harvest. The soybean production in Argentina is expected to increase by 1% to 49.4 million tons in the 2023/24 season, with an estimated range between 48.6-51 million tons. At present, the estimated soybean planting area in Argentina is 16.9 million hectares, slightly lower than the 17.3 million hectares reported by the Buenos Aires Grain Exchange and the Rosario Grain Exchange. In the USDA May supply and demand report, it is expected that Argentina's soybean production will remain at 50 million tons, the same as the previous estimation. The Buenos Aires Grain Exchange reported that the soybean harvesting rate in Argentina is 86%, and the progress is basically on schedule. In the past few weeks, farmers have made great progress in harvesting. The recent favorable dry weather pattern is expected to continue until next week (the current weather is warmer than the past few weeks), which should continue to help with the end-of-season work for the current year.