Soybean: Brazilian harvest is not yet completely defined, but premiums continue to drop sharply

Published 2023년 3월 14일

Tridge summary

Pátria Agribusiness has estimated the Brazilian soybean harvest for 2022/23 at 148.96 million tons, with a productivity of 56.9 bags per hectare, marking a 12.8% increase from the previous season. The total area dedicated to oilseeds has grown by 5.2% to 43.65 million hectares. However, logistics issues and concerns about the size of the Brazilian offer are affecting the market. The soybean market is currently stagnant, and export premiums are declining. Logistical problems, lack of storage capacity, and slower sales are expected to result in a large stock during the last quarter of the year.

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

Original content

Pátria Agribusiness brought its new estimate for the 2022/23 Brazilian soybean harvest at 148.96 million tons this Tuesday (14). The average productivity expected by the consultancy is 56.9 bags per hectare (3.413 kg/ha), 12.8% more than in the previous season. In addition to higher yields, Brazil also increased its area dedicated to oilseeds by 5.2%, to 43.65 million hectares. "Production increased in relation to the last survey by only 60 thousand tons, as a result of the expansion of the area, even with the drop in productivity", explains the Pátria team. "The productive calamity in Rio Grande do Sul was the main factor to maintain sub-150 million estimates". Among the numbers detailed by Patria, one of the highlights is the production of soy in the northern region of the country, where an increase of 12.1% is estimated in relation to the past harvest. The region - which has the largest harvest in Tocantins - should register a harvest of 9.4 million tons. Although positive news ...

Source: NoticiasAgricolas