Consultancy: Brazil’s soybean harvest slows down due to rains

09.02.2017

Brazilian consultancy Céleres, which is based in Belo Horizonte, has released a crop report that reveals that the soybean harvest in the country has reached 11 percent of a surface of 83.5 million acres (33.8 million hectares approx.). There was a slow down of the works in the current and the previous weeks, but still the crop has a progress that is two percentage points ahead of last year.

The overall production is expected by Céleres to reach 105 million metric tons. In previous weeks, the works were intense in the states of Goiás and Mato Grosso. For the consultancy, there is a perspective of lower domestic prices in the country with a stronger Real and a likely big output. Until February 3, the oilseed crop was nearly 40 percent sold – eight percentage points less than the previous crop.


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