Soybean planting loses strength again in Brazil and approaches the five-year average

Source:  SAFRAS & Mercado
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The planting of the new Brazilian soybean crop lost momentum again in the week between November 5 and 11. Although there have been recoveries in some states, the national index has advanced more slowly and is now approaching the five-year average for the period. The positive highlight is the state of Mato Grosso, whose planting is almost over.

According to a survey carried out by SAFRAS & Mercado, until November 11, Brazilian producers sowed 67.3% of the total area expected for the country in the 2022/23 crop. The percentage is equivalent to approximately 29.418 mln hectares sown, out of a total of 43.739 mln hectares estimated for planting. In the previous week, the percentage was 55.9%. In the same period of the previous year, the percentage reached 77.6%, while the five-year average for the period is 67.1%.

In Rio Grande do Sul, out of a total area estimated at 6.55 mln hectares, 18% were sown, or approximately 1.179 mln hectares. In the previous week, the percentage was 7%. In the same period of the previous year, the percentage was 30%, while the five-year average for the period is 27.6%.

In Paraná, 84% of the area destined for soybeans were sown. The percentage is equivalent to approximately 4.830 mln hectares planted, out of a total of 5.750 mln hectares estimated for the state. In the previous week, the percentage was 70%. In the same period last year, the percentage reached 92%, while the five-year average is 87.2% for the period.

In Mato Grosso, out of an expected total area of 11.8 mln hectares, 98% have already been sown, equivalent to approximately 11.564 mln hectares. In the previous week, the percentage was 94%. In the same period of the previous year, the percentage was 99%. The five-year average for the period is 92.8%.

In Mato Grosso do Sul, the planting reaches 90% of an estimated total area of 4.08 mln hectares, equivalent to approximately 3.672 mln hectares. In the previous week, the percentage was 73%. In the same period last year, the percentage was 96%. The five-year average for the period is 92.4%.

In Goiás, out of a total expected area of 4.45 mln hectares, 73% were sown, equivalent to 3.249 mln hectares. In the previous week, the percentage was 62%. In the same period last year, the percentage was also 92%, while the five-year average for the period is 69.2%.

In São Paulo, out of a total area estimated at 1.35 mln hectares, 70% were sown, or approximately 945 thousand hectares. In the week earlier, the percentage was 63%. In the same period of the previous year, the percentage was 85%, while the five-year average for the period is 66.2%.

In Minas Gerais, out of an expected total area of 2.1 mln hectares, 54% were sown, or approximately 1.134 mln hectares. In the previous week, the percentage was 35%. In the same period last year, the percentage was 78%, while the five-year average for the period is 63.0%.

In Bahia, from an area estimated at 1.9 mln hectares, 36% were sown, or the equivalent of 684 thousand hectares. In the previous week, the percentage was 18%. In the same period of the previous year, the percentage was 68%, while the five-year average for the period is 34.2%.

Weather forecasts now point to a period of higher moisture in all producing regions in the period between November 11 and 17. The largest accumulated rainfall must occur in sections of the states of Rio Grande do Sul, Santa Catarina, Paraná, Minas Gerais, Goiás, Mato Grosso, Bahia, Tocantins, and Pará. Such an environment can prevent a better planting advance but be favorable to the development of crops already sown.

In the period between November 18 and 24, the situation must be very similar to the previous period, but with lower moisture being forecast for the states of Rio Grande do Sul and Mato Grosso do Sul.

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