Safras: As of December 2, Brazil’s soybean planting progress reached 91.9%

Foreign media news on December 6: According to a survey by the consulting agency Safras & Mercado, as of last Friday (December 2), Brazil’s 2023/23 soybean planting area reached 91.9% of the expected total area, higher than a week ago. 87.3%, lower than 94.5% in the same period last year, and consistent with the five-year average of 91.9%.

Planting in Mato Grosso has been completed, which is 99.6% higher than the five-year average; planting in Mato Grosso do Sul has also been completed, with a five-year average of 99.8%.

Parana 99% complete vs. 99.6% five-year average; Rio Grande do Sul 74% planted (78% five-year average); Goias 97% (97.4%), São Paulo 90% (97.4%) , Minas Goyas 97% (98%).

The company expects Brazil’s soybean production in 2022/23 to reach a record 154.53 million tons, up 21.3% from the previous year’s production of 127.44 million tons and higher than the 151.5 million tons forecast on July 15.

Brazil’s soybean area reached 43.74 million hectares this season, a 3.7% increase from 42.16 million hectares in 2021/22, Safras said. Average yields will rise from 3038kg (50.6 bags) to 3551kg (59.1 bags) per hectare.