Sales of Brazil's 2022/2023 soybean crop advance to 35.4%, says Safras

Published 2023년 3월 6일

Tridge summary

As of March 3, Brazil's 2022/23 soybean crop sales have reached 35.4% of the projected production, according to Safras & Mercado. This represents an increase of 5 percentage points from the previous month but is still behind the 48.5% traded at the same time last year. For the 2023/24 crop, sales have begun with an anticipated commercialization of 1.6%, or 2.36 million tons, a figure that falls below the 7.1% and 10.6% achieved in the same period in the past.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SAO PAULO (Reuters) - The sale of the 2022/23 soybean crop in Brazil had reached 35.4% of projected production, according to a report by Safras & Mercado, with data collected up to March 3. Despite the advance of about 5 percentage points compared to the previous month's survey, soybean sales are still lagging, according to the consultancy. In the same period last year, trading involved 48.5% and the five-year average for the period is 51.7%. FUTURE CROP Safras stated that advance sales for the 2023/24 cycle, with planting starting in September in Brazil, have already started. Taking into account a hypothetical harvest of 152.43 million tons (repeating the current ...

Source: Mixvale