Tridge summary
Heavy rainfall in Brazil is delaying the soybean harvest, with only 23% of the expected 152.88 million tons harvested as of February 18, according to Conab. This is below the 33% harvested in the same period last year, causing some soybeans to desiccate and potentially damage or burn. This could impact the production of soybean derivatives, especially oil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The soybean harvest in Brazil continues at a slow pace, due to heavy rainfall in major producing regions. Collaborators consulted by Cepea indicate that some areas of soybeans desiccated for days still can not be harvested due to frequent rains. This scenario brings the possibility of damaged and burned soybeans, which can even impact the production of soybean derivatives, especially oil. As of February 18, Brazil has harvested only 23% of the 152.88 million tons forecast for the 2022/23 season, ...
Source: Pig 333
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