Brazilian soybean planting jumps to 42 percent
Soybean planting in Brazil was 42 percent complete as of October 29th, a 19 point jump from a week earlier, according to consulting firm AgRural.
Planting is now close to the late October five-year average of 44 percent. However, AgRural points out that when so much of the crop is planted all at once, it is more susceptible to losses if dry weather hits during the pod filling stage. It could also mean a more concentrated harvest, impacting the logistics of moving the soybean crop to market.
AgRural says soybean delays can also result in a narrower planting window for planting of the country’s second crop safrinha corn.