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Mato Grosso plants 90% of its soybean crops
Dec, 03, 2018 Posted by datamarnewsWeek 201848
According to agricultural consultancy AgRural, Mato Grosso, Brazil’s largest soybean producing state, has finished planting 90% of its soybean crop this year and is expecting an early harvest at the end of December. Soybean shipments from the state dipped 3% in October compared with the previous month, but this is considered normal given that most of the crop from this cycle has been shipped. The state’s soybean shipments were 8.2% up in the first ten months of 2018 year-on-year, at 19.04m tons. Overall, the Grain Exporters Association (ANEC) believes Brazil’s soybean exports will reach 80m tons in 2018, up 19.4% YoY and higher than its earlier estimate of 74m tons. According to Safras & Mercado, the country’s soybean premium reached US$1.25 per bushel in Paranaguá last week, compared to US$0.50 per bushel a year ago.
Supporting Sources:
Mato Grosso tem queda nas exportações de soja em outubro; saldo do ano é positivo
Brazilian farmers in Mato Grosso satisfied with the soybean planting progress
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