AgRural updates projection and increases overall soybean output for Brazil


Curitiba consultancy AgRural has released this Friday (02.03) a new estimate for the Brazilian soybean crop and put its estimate at 105.4 million metric tons as the harvest in the country advanced to 10 percent of the area. The reason for the increase was that the weather has improved significantly in Mato Grosso, the largest producing state in the country. The previous AgRural projection was at 103.3 million metric tons, while most consultancies already had put estimates higher than that.

In its newest press release, AgRural also reported that there is a delay in the southern state of Paraná with harvesters passing over just three percent of the surface, while there was 24 percent progress a year ago, with longer crop cycles and more rains. Precipitation also slowed down works in the states of São Paulo, Mato Grosso do Sul and Maranhão. AgRural expects a record of yields for the states of Mato Grosso (54 bags of 60 kg per hectare), Rio Grande do Sul (51 bags of 60 kg per hectare) and Santa Catarina (56 bags per hectare). Because of  later crop cycle, Rio Grande do Sul can yet generate significant soybean losses in the coming month if substantial rains fall.


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