RECORD SOYBEAN PLANTING IN MATO GROSSO: 79% OF AREA CULTIVATED, SURPASSING HISTORICAL AVERAGES

Due to rainier weather over the past week, soybean planting in Mato Grosso, Brazil’s top producer, increased by 23.83 percentage points to 79.56% of the area expected for the 2024–2025 harvest. According to Imea, the pace already surpasses the historical average of 79.11%, albeit still lagging behind the same period of the previous year (83.32%). Recent rains have improved the optimistic forecast for the harvest, which might reach a record 166 million tons in Brazil, according to Ana Luiza Lodi of StoneX. Rio Grande do Sul saw a planting rise of 3% to 10%, outpacing 2023 but falling short of the historical average of 16%. According to Deral, planting in Paraná reached 74% of the expected area, which is higher than last year’s average of 69% and the most recent average.
Source: Forbes (*Translated by Ia Niani)