Weather hinders soybean harvest in Brazil and worries Argentine producers

Published 2023년 2월 27일

Tridge summary

Heavy rainfall in Brazil is delaying the soybean harvest and raising concerns about potential damage and production impacts on oil derivatives. According to Conab, only 23% of the expected 152.88 million tons for the 2022/23 season has been harvested as of the 18th, a decrease from the previous year's progress. In Argentina, soybean production is being damaged by low soil moisture and high temperatures, leading to a reduced production estimate by the Cereal Exchange.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The soybean harvest in Brazil is being affected by the high volume of rain in the main producing regions. Due to the frequent rains, some soybean areas have not yet been harvested. This situation is starting to worry soybean producers about the possibility of damaged and burned grains, which can have an impact on the production of derivatives, such as oil. According to Conab, Brazil harvested only 23% of the 152.88 million tons forecast for the 2022/23 season until the 18th, well below the 33% harvested in the same period last year. In Argentina, low soil moisture and high ...

Source: Suinoculturaindustrial