Foreign media, October 24 news: Consulting firm AgRural said on Monday that as of last Thursday (October 20), Brazil’s 2022/23 soybean planted area had reached 34% of the expected area, up from 24% a week ago. Last year 38% over the same period.

The report said that due to excessive rain, persistent cloudy skies and cooler temperatures slowed planting in Parana. Soybean crops also face slow development. In western and southwestern Paraná, the areas normally harvested in the second half of January are not expected to be ready for harvest until early February, given the current weather conditions. Due to excessive rain, some farmers in Parana need to replant.

Some areas in the eastern state of Mato Grosso and parts of Minas Gerais also needed to be replanted, but the reason for the replanting was a lack of rain.

The Brazilian government expects that the annual soybean production in 2022/2023 is expected to exceed 152 million tons, and the planting area will increase to 42.89 million hectares, an increase of 3.4% over the previous year, both record levels.

Brazil began planting soybeans in mid-September. In areas planted earlier, it is possible to start harvesting in January.