Foreign media, December 12 news: Consulting company AgRural said on Monday that as of December 8, Brazil’s 2022/23 soybean planting progress reached 95%, up from 91% a week ago and down from 96% in the same period last year.

According to the report, the distribution of rainfall is still uneven, but so far, there have been no reports of serious crop damage. The good news is that the next few days will see rain in most of Brazil, but in the state of Rio Grande do Sul, where planting is in its final stages, the weather remains dry.

The soybean crop in Rio Grande do Sul is still in its infancy and there is no risk of significant yield damage at this time.

AgRural expects Brazil’s soybean production in 2022/23 to be 150.5 million tonnes, based on planted area reaching 43.2 million hectares, 4% higher than the previous year, and yields reaching trendline levels.

Brazil started sowing soybeans in mid-September. In areas where the seeds were planted earlier, it is possible to start harvesting in January.

On December 8, Brazil’s National Commodity Supply Corporation predicted that Brazil’s soybean production in 2022/23 would be 153.48 million tons, an increase of 22.2% year-on-year.