Soy seeding in Brazil is almost complete

Brazilian farmers already own 97% of the plan's land Soybean sown, which corresponds to the result in the same period last year. This information was published by analysts from the national agricultural agency Companhia Nacional de Abastecimento (Conab) in their surveillance. Experts note that the work has progressed by 1% in a week.

"Rainfall contributes to the development of crops, particularly in Mato Grossa and Parana, but their irregularity in the western oil-growing regions is worrying," the experts explained.

Confrom estimates that Brazilian farmers will reach 153,5 million this season Tonnen Oil from an area of ​​43,2 million Hektar can harvest. And for example, AgRural expect a production of 150,5 million tons from 43 million hectares. Datagro expects a harvest of 153,3 million tonnes from 43,8 million hectares.

In the past, Brazil had experienced a severe drought that did not allow farmers to harvest the expected amount of soybean crop (the final result for 2021/22 is 125 million tons).

Meanwhile, according to experts, South American farmers continue to use the Corn of the first crop – 82% of the plan's areas were sown as of the reporting date (+5% per week), which is slightly inferior to last year's result (85%).

«The sowing of the grain has already been completed in Mato Grosso, and weather conditions are contributing to the development of crops in the state. However, the lack of significant rainfall in Rio Grande do Sul can negatively affect the condition of crops," Confrom added.

Currently, Brazil is the largest soybean producer in the world. The tropical climate and relative availability of space make this region ideal for growing Soybeans, Corn, but these two cultures are predominantly derived from foreign markets and cover much of the needs of the entire world market.

Source: oleoscope (Russian)

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