Brazil: With soybean harvest at 40%, production drops to 147.7 million tons

Published Feb 26, 2024

Tridge summary

Brazil's 2023/24 soybean harvest has reached 40% of the cultivated area, a rise from 32% the previous week, as reported by AgRural. However, the progress has slowed due to the completion of the harvest in some regions and ongoing rains. AgRural has revised its harvest estimate to 147.7 million tons, a decrease of 2.4 million tons due to productivity losses in Paraná and Mato Grosso do Sul. In other developments, the sowing of the 2024 off-season corn has reached 73% of the estimated area in the Center-South of Brazil, while the 2023/24 summer corn is 42% harvested.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The 2023/24 soybean harvest reached 40% of the cultivated area in Brazil on Thursday (22), compared to 32% a week earlier and 33% a year ago, according to a survey by AgRural. The progress of work lost momentum during the week due to the completion of the harvest in some regions, such as the west of Paraná and the north and west of Mato Grosso. The constant rains recorded in several parts of the country also limited the harvesters' pace. Furthermore, the extra humidity reinforced grain quality complaints in some regions. Production AgRural also completed a new review of its harvest estimate last week. Production is now projected at 147.7 million tons, down 2.4 million from the 150.1 million tons in the estimate released in mid-January. This time, the cuts were mainly due to productivity losses in Paraná and Mato Grosso do Sul, which suffered from heat and irregular rains in January and part of February. *** With producers keeping an eye on the window, corn planting in the second ...
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