Foreign media news on November 28: According to data released by the Brazilian consulting agency Homeland Agribusiness (PAN), as of November 25, 2022, Brazil’s soybean planting progress has reached 88.65%, higher than 80.39% a week ago, and higher than The five-year average for the same period was 81.51%, but lower than the 91.89% for the same period last year.
Matthew Pereira, the company’s director of consulting, said the highlight of the past week was the return of rainfall, especially in the south-central region, which helped the planting progress to accelerate. Soy planting in Mato Grosso, Brazil’s top soybean-producing state, is complete.
According to data from the Mato Grosso Institute of Agricultural Economics (IMEA), as of November 25, the soybean planting progress was 99.58%.
Pereira said that although the pace of planting has slowed in the past four weeks, the start of this year is as early as 2021. The soybeans that will be harvested in January are those planted in September, so this year’s harvest will be the same as last year’s. In other words, the supply of soybeans in January will be the same as it was in the same period last year.
In addition to Mato Grosso, the planting activities in Mato Grosso do Sul, Paraná and Goias are also nearing completion. In Rio Grande do Sul, planted area reached 59 percent of expectations.