Safras: The pre-sale ratio of Brazilian new beans reaches 32.5%, which is lower than the historical average
Foreign media news on December 14: According to a survey conducted by the analysis agency Safras & Mercado, as of December 10, Brazilian farmers had pre-sold 32.5% of the soybeans for the year of 2021/22.
According to the expected output of 144.71.2 million tons of soybeans, it means that farmers have pre-sold 46.954 million tons of new beans.
For comparison, the pre-sale ratio in early November was 30.6%. The sales progress in the same period last year was 56.5%, and the five-year average was 36.7%.