The pace of soybean planting in Brazil is slowing down amid unfavorable weather conditions

According to the AgRural agency, as of October 12, 17% of the planned area was sown with soybeans in Brazil, compared to 24% on this date last year. In the first weeks of the current season, sowing rates reached a record level, but have now decreased due to unfavorable weather conditions - high temperatures and irregular rainfall. In the south of the country, heavy rains lead to flooding, which can reduce the quality and yield of winter wheat, as well as soybeans and corn, which are already mostly planted. At the same time, in the north and in the center of the country, due to high temperatures and a lack of precipitation, it may be necessary to replant part of the crops. In the main producing state of Mato Grosso, sowing has been stopped due to the heat of 30-36 oC and lack of precipitation. No significant rainfall is forecast in the central regions during the week, so farmers are slowing planting, which could prevent the planned increase in soybean acreage and the production of ...