——As of November 3, the soybean planting progress in Brazil reached 57%

Foreign media, November 7 news: Consulting firm AgRural said on Monday that as of last Thursday (November 3), Brazil’s 2022/23 soybean plantings had reached 57% of the expected area, up from 46% a week ago. Last year 67% over the same period.

Although it is behind the same time last year, planting has progressed well over the past week.

Rains in the dry areas of Mato Grosso, Goiás, Minas Gerais and Matopiba are favorable for planting. In Parana and Santa Catarina, farmers plant seeds between rains.

The Brazilian government expects that 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.