Safras & Mercado report forecasts larger soybean production in October when compared to that estimated in September. The report reveals that the planting of Soybean crops may reach 38.3 million hectares, an increase of 1% compared to September. This 1% increase may precisely impact on the production estimated in October, reaching 133.517 million tons, up 1% from that estimated at 132.171 million tons in September. In the 2019/2020 harvest, production reached 125.339 million tons. “Our latest survey shows that the areas to be sown must be larger than the previously estimated, mostly in the states of Brazil’s Central-West and Southeast regions. However, delays in planting may possibly result in the non-sowing of some areas, for the attention of possibly planting a secondary crop of corn or cotton in Brazil’s Central-West and Southeast regions”, says Luiz Fernando Gutierrez.
Source: Canal Rural
*Translated by Ia Niani