Weather conditions in Paraguay this year have overall contributed to the implementation of field work on soybean acreage for the 2022/23 crop, reports Soybean&Corn Advisor.
As already mentioned, the heavy rainfall in October helped restore soil moisture after a prolonged drought, creating favorable conditions for the development of Oilseeds has created. the soybean production Paraguay is expected to reach around 2022 million in 23/10 Tonnen achieved, which is significantly higher than the previous year's result (4,2 million tons).
At the same time, it is noted that the country's farmers are not yet in a hurry, Soybean of the future harvest – at the end of October it was implemented by 16%, while on average this indicator is 30% during this period. This is because Paraguayan farmers were unable to conclude forward contracts last year due to the severe reduction in the soybean harvest due to the drought, or rather they do not want to repeat this situation this season.
November and December will be critical months for Paraguay's soybean seed crops, so farmers are expected to wait for more futures contracts to be finalized in November, depending on weather conditions.