Planting of soybean advances in Brazil but is late again

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The planting of the new Brazilian soybean crop has made a reasonable advance in most growing states, but remains delayed at national level again.

According to research conducted by SAFRAS & Mercado, until November 8, Brazilian growers sowed 54.7% of the total area expected for the country. The index is equal to nearly 20.22 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 43.5%. In the same period of the previous year, the index reached 68.8%, while the five-year average for the period is 55.7%.