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The soybean harvest in Brazil continues at a slow pace, due to heavy rainfall in major producing regions. Collaborators consulted by Cepea indicate that some areas of soybeans desiccated for days still can not be harvested due to frequent rains.
This scenario brings the possibility of damaged and burned soybeans, which can even impact the production of soybean derivatives, especially oil. As of February 18, Brazil has harvested only 23% of the 152.88 million tons forecast for the 2022/23 season, which is below the 33% harvested in the same period last year, according to Conab (National Supply Company).
February 27, 2023/ CEPEA/ Brazil.
https://www.cepea.esalq.usp.br
