AgRural: Brazil’s soybean planting progress reaches 87%, production is expected to be 150.5 million tons

Foreign media, November 28 news: Consulting company AgRural said on Monday that as of November 24, Brazil’s 2022/23 soybean planting progress reached 87%, up from 80% a week ago, but down from 90% in 2021.

Only four states (Santa Catarina, Rio Grande do Sul, Piauí and Pará) are not yet at 70% planted, but this is more due to a later planting calendar than other regions and Not sowing serious delays.

In the Midwest, where soybean planting is complete, rainfall remained erratic last week. Crops in those driest areas are a concern, especially as temperatures rise. Farmers in southern Brazil are also looking forward to higher rainfall.

AgRural this week forecast Brazil’s 2022/23 soybean production at 150.5 million tonnes, based on planted area reaching 43.2 million hectares, up 4% from the previous year, and yields at trendline levels.

Starting next month, AgRural plans to visit farms across the country to better check crop conditions and potentially update yield and yield forecasts.

In contrast, 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 of which are record levels.

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