Market News & Headlines >> Brazil Soy Planting Accelerates
Soybean planting accelerated in Brazil last week, progress reaching 57% as of Nov. 9, up from 43% a week earlier, according to Brazilian consulting firm AgRural.
Planting progress was slightly ahead of the five-year average pace of 56%, but still behind last year’s pace of 63% complete, AgRural said.
The advance in planting progress was led by an acceleration of activity in Brazil’s center-west growing belt, but Agrural warned there are problems with crop establishment in that key crop region, especially in the states of Mato Grosso and Goias, following irregular rainfall in October, which could negatively impact yield potential.
AgRural estimated producers in the state of Mato Grosso do Sul had already planted 91% of their soybean crop, with planting 79% complete in the No. 1 soybean producer Mato Grosso and 53% complete in Goias.
In southern Brazil, producers in Parana, the country’s No. 2 producing state had planted 81% of their crop, with progress at 41% and 33% in Santa Catarina and Rio Grande do Sul respectively.