Brazil’s soybean planting has the slowest beginning in 6 years

According to the consultancy AgRural, on October 3, soybean planting had reached 3.1% of the estimated area for the Brazilian crop of 2019/20, against 0.9% from a week earlier, which sets the beginning of the slowest harvest since 2013/14, when 2.7% of the area was planted in early October.

For the agency, the drier weather this year and irregular rainfall make producers more cautious in carrying out the planting, which at this time in 2018 had reached 9.5% of the planted area.

“Some rain showers last week gave more rhythm to the planting of the 2019/20 soybean crop in Paraná and Mato Grosso. Even so, the delay compared to last year and the average of five years continues, as rainfall continues to be irregular…,” AgRural said in a report.

According to the consultancy, many areas within the main producers in Brazil still do not have sufficient humidity to ensure safe planting and germination.

AgRural reasoned that while the slow start of soybean planting worries producers and fuels speculation about a narrower window for the second crop, the expected improvement in rainfall over the course of October, coupled with the very fast planting capacity of most producers, tends to minimize the delay observed in this early season.

“For that to happen, however, the rains need to get more regular as soon as possible,” he added.

Source: Reuters

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