Soybean planting in Brazil reached 88.65% of the area forecast for the 2022/23 season by Friday, 25. This is above the historical average for the period (81.51%), but below 2021 (91.89 %), said the consultancy Pátria AgroNegócios. Pereira said that, although Brazil has slowed down the pace of planting in the last four weeks, the work started earlier. “It is worth remembering that the soybean to be harvested in January is from the grain sown in September, which went through the same sowing window as the last harvest! That is, we will have the same soybean supply in January as in the last season”, said the director of Pátria AgroNegócios, Matheus Pereira, referring to the first harvests of 2022/23.
Source: Reuters (*Translated by Ia Niani)