StoneX’s estimates an increase in wheat planted area and production. About three thousand hectares were added in São Paulo, and the area of this winter 2022 crop reached 3.157 million hectares. StoneX’s analysts highlighted productivity increases due to good weather conditions. “Despite the recent episodes of frost in the south of the country, most of the crops in the affected regions were not compromised or there is not enough time to confirm the damage up to this point”, said the report. As a result, the production estimate was revised upward to 9.67 million tons in contrast with the 9.25 million of the last survey, an increase of 1.35 million tons (6.2%) when compared to the previous harvest.
Source: Noticias Agrícolas (*Translated by Ia Niani)