Brazilian farmers have harvested 53% of the soybeans planted for the 2022/23 season, a 10% increase from the previous week, but this is behind the 64% harvested at the same time last year. Due to severe drought, there has been a crop failure in the southernmost state of Rio Grande do Sul, resulting in yields that are up to 60% lower than expected. This delay in harvesting is pushing back the planting of Brazil's second corn, with 81% of the estimated area for the Center-South of Brazil already planted.