Brazilian soybean production must grow 5.2% in 2019/20 crop

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Brazilian soybean growers are expected to reap 125.465 million tons in the 2019/20 crop, up 5.2% from the previous year, when the crop hit 119.306 million tons. The projection is part of the latest survey by SAFRAS & Mercado, released on December 6. In the previous report, released in October, SAFRAS pointed to a production of 125.754 million tons.

SAFRAS works with an area of ​​37.032 million hectares, an increase of 1.8% over the previous year and breaking a new record. Last year, the area occupied 36.384 million hectares. Yield is estimated at 3,405 kilograms per hectare, surpassing the average yield of 3,296 kilograms last year.

For this December update, only a few adjustments were made for estimates of state areas and yield. Although there are reports of problems due to irregular weather in some states, it is still too early to talk about relevant and irreversible production losses.

Occasional negative adjustments were made in the expected average yield for the states of Mato Grosso do Sul, Goiás and Bahia, which initially suffered from delayed planting and low soil moisture. In contrast, some states had their productivity estimates improved, such as São Paulo and Minas Gerais.

We understand that from now on, should the weather be positive, problems will be overcome, resulting in another record Brazilian production.