Sales of Brazil's 2022/2023 soybean crop advance to 35.4%, says Safras

SAO PAULO (Reuters) - The sale of the 2022/23 soybean crop in Brazil had reached 35.4% of projected production, according to a report by Safras & Mercado, with data collected up to March 3. Despite the advance of about 5 percentage points compared to the previous month's survey, soybean sales are still lagging, according to the consultancy. In the same period last year, trading involved 48.5% and the five-year average for the period is 51.7%. FUTURE CROP Safras stated that advance sales for the 2023/24 cycle, with planting starting in September in Brazil, have already started. Taking into account a hypothetical harvest of 152.43 million tons (repeating the current ...