IMEA: Soybean planting progress in Brazil’s top soybean-producing state reaches 98.96%

Foreign media news on November 24: Mato Grosso State Institute of Agricultural Economics (IMEA) said that as of November 18, the soybean planting progress of Brazil’s top soybean producing state in 2022/23 reached 98.96%, higher than 96.17% a week ago.

The state’s 2022/23 soybean planting area is estimated at 11.81 million hectares, yield is expected to be 59 bags per hectare, and production is expected to be 41.816 million tons.

According to IMEA, as of October 31, farmers in the state had pre-sold 32.79 percent of soybeans for the 2022/23 season, up 4.04 percent from the previous reporting period.

The sales ratio of soybeans in 2021/22 was 92.31%, an increase of 1.91% over the previous reporting period.