Planting of soybean advances at slower pace, but remains above average

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The planting of the new Brazilian soybean crop had a reasonable advance last week. The work continues advancing at a good pace in Mato Grosso and Paraná, which brings strength to the national average due to the size of areas sown in these states. The other states of the Midwest and Southeast regions had a slower advance.

According to research conducted by SAFRAS & Mercado, until November 1 Brazilian growers sowed 43.5% of the total area expected for the country. The index is equivalent to nearly 16.05 million hectares sown, out of a total of 36.942 million hectares estimated for planting in the country. In the previous week, the index reached 30.7%. In year-ago comparative period, the index reached 55.2%, while the 5-year average for the period is 39.8%.