FCStone: Weather favors soy planting in Brazil and reaches almost 30% of surface

26.10.2016

The weather has helped the soybean planting in Brazil and allowed a rapid advance of the works in the field, according to data found by the international consultancy INTL FCStone. The consultancy says that the South American country has planted 29.8 percent of what is estimated to be planted. The usual time to achieve this percetage of the surface is by the second week of November.

“With a high price of corn in the domestic market, there is significant incentive to amplify the planting of the cereal in the second crop. In this sense, the first goal of a big part of producers of grains for the 2016/2017 season started to anticipate the soybean sowing that would enable a larger second corn crop area,” said the Market Intelligence director, Thadeu Silva.

In the state of Mato Grosso alone, nearly 42 percent of the crop was already sowed and for experts it is quite clear that the planting intentions of the safrinha is very high. According to INTL FCStone, perhaps 100 perhaps of the soybean area may be used for corn in the winter.


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