BRAZIL’S SOYBEAN HARVEST HAS ACHIEVED 38% OF THE AREA

According to Pátria AgroNegócios, the soybean harvest for the 2023–24 harvest in Brazil has surpassed both the historical average and the same period of the previous year, having achieved 38% of the total cultivated area as of this week. The harvest was more advanced in 2022, coming in at 44.46%. The work progress for the week was just 7.3%, the lowest since 2009. Rainfall in several areas resulted in crops that could not be harvested. The results of productivity were not quite consistent. Paraná was unsatisfactory, whereas Goiás and Minas Gerais reported a more regular scenario. Mato Grosso yielded inconsistent results.
Source: Reuters / Udop (*Translated by Ia Niani)