Weather hinders soybean harvest in Brazil and harms crops in Argentina

Updated Feb 27, 2023
The soybean harvest in Brazil continues at a slow pace, due to the high volume of rain in important producing regions. Collaborators consulted by Cepea indicate that some soybean areas have already been desiccated for days and still could not be harvested, given the frequent rains. This scenario is starting to worry the national soybean producer about the possibility of damaged and burned soybeans, which can even impact the production of derivatives, especially oil. Brazil harvested only 23% of the 152.88 million tons forecast for the 2022/23 season until the 18th, below the 33% harvested in the same period last year, according to Conab (National Supply Company).
In Argentina, low soil moisture and high temperatures continue to harm crops. In view of this, the Cereals Exchange negatively readjusted once again the soybean production estimates in the neighboring country, now estimated at 33.5 million tons, 11.8% lower than ...
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