Safras: Brazil’s 2022/23 soybean advance sales slow

Foreign media news on December 11: Consulting agency Safras & Mercado said that the pre-sale of soybeans in Brazil for the 2022/23 season has been slow.

As of the beginning of December, Brazil’s 2022/23 soybean pre-sale volume was equivalent to 23.6% of the expected production, which was 3% higher than that at the beginning of November, but lower than the 32.5% in the same period last year, and also lower than the historical average pre-sale progress of 37.6% in the same period.

The amount of soybeans sold by Brazilian farmers in 2021/22 is equivalent to 92.6% of production, compared with 93.6% in the same period last year, and the historical average is 96%.