2022/23 Brazil soybeans 43% harvested vs 54% last year

Published Mar 9, 2023

Tridge summary

Recent weekend rainfall in Brazil was concentrated in Sao Paulo and Parana, with overall precipitation getting lighter as March progresses. As of the week ending, Brazil's soybean harvest stood at 43%, behind last year's 54.6% but slightly ahead of the average 46.6%. Mato Grosso has the most significant progress at 88% harvested, while Parana remains behind at 17%. Despite some areas experiencing dryer weather, which aided harvest paces, the anticipated rain in the coming days could affect progress. Parana is on track to become the second-leading soybean-producing state, with a record crop of 20.9 million tons, despite low prices in February. Meanwhile, Carazinho in Rio Grande do Sul sees reduced yields due to three consecutive years of dry weather, with the current season's expectations being 30-35 sacks per hectare, marking a significant drop from usual yields.

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

Original content

Rainfall over the weekend favored southern and northwestern Brazil. The rainfall was relatively light with the heaviest amounts limited to Sao Paulo and Parana. The forecast for this week is calling for rain in central and northwestern Brazil. Overall, the rains in Brazil have been gradually getting lighter, which is typical for the month of March. The soybean crop in Brazil was 43% harvested as of late last week comparted to 54.6% last year and 46.6% average according to AgRural. This represents an advance of 10% for the week. Mato Grosso leads the way with 88% harvested while Parana remains slow at 17% harvested. Open weather in Mato Grosso, Goias, Minas Gerais, Bahia, Tocantins and should allow for a quick harvest pace. Mato Grosso – The soybeans in Mato Grosso were 88.1% harvested as of late last week compared to 90.4% last year and 81.5% average. This represents an advance of 11.8% for the week. The most advanced harvest is in the mid-north region where the soybeans are 97% ...

Source: UkrAgroConsult