According to agribusiness consultancy AgRural, Brazil's soybean harvest for the 2023/24 cycle has reached 78% of the planted area as of last Thursday, marking a 4-percentage-point increase from the previous week. However, this figure falls below the 82% mark recorded at the same time last year.
Analysts from AgRural noted in a statement that harvesting is currently more concentrated in states where farmers planted their fields later in the season, particularly in Brazil's southernmost state of Rio Grande do Sul. Favourable weather conditions in this region facilitated significant progress in fieldwork last week. Conversely, in Brazil's north and northeast regions, rains exceeding historical levels have posed challenges in some areas.
AgRural also reported that Brazil's second corn crop, which typically accounts for about 75% of the national production annually, experienced another week of mixed conditions in the country's center-south region. While fields in key grain-producing states like Mato Grosso and neighbouring Goias have been developing well, certain areas in Mato Grosso do Sul and Sao Paulo have faced difficulties due to heavy rains and high temperatures.
The consultancy firm highlighted western Parana state as the most affected region thus far, anticipating a decline in yields as a result.
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