Brazil’s 2023/24 soybean harvest hits 84%, says AgRural

Published Apr 16, 2024

Tridge summary

As of Thursday, Brazil's soybean harvest for the 2023/24 cycle has reached 84% completion, slightly behind last year's pace. The focus is now on the southern state of Rio Grande do Sul and the northeastern states of Bahia and Piaui, with notable productivity in Rio Grande do Sul. Meanwhile, Brazil's second corn crop, crucial for about 75% of the country's annual corn production, has seen beneficial rains in some areas but faces challenges due to uneven rainfall and high temperatures, especially in Parana and Sao Paulo. However, the crop is faring well in Mato Grosso, Goias, and Minas Gerais, with optimistic expectations for the cycle following anticipated rains in late April.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil’s soybean harvest for the 2023/24 cycle had reached 84% of the planted area as of Thursday, agribusiness consultancy AgRural said on Monday, up 6 percentage points from the previous week. The figure was below the 86% seen at the same time a year earlier. AgRural analysts said in a statement that harvesting is now concentrated in Brazil’s southernmost state of Rio Grande do Sul, where farmers had accelerated work before heavy rains expected this week, as well as in the Northeastern states of Bahia and Piaui. So far, productivity in Rio Grande do Sul is very good, according to the consultancy firm. AgRural also said Brazil’s second corn crop, which represents about 75% of the national production each year, had last week seen rains in regions in which the crop had been struggling due to high temperatures and lack of regular rainfall in areas like the states of Parana, Sao Paulo and Mato Grosso do Sul. However, the showers were not well distributed and worries remain over the ...
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