Brazil Soybean Planting Average

Soybean planting continues to progress at about an average pace in Brazil, despite heavy rains in parts of the large center-west growing area over the past few days.

The Brazilian consultant Safras & Mercados estimated that 69% of Brazil’s soybean acreage had been planted by Nov. 23, versus the five-year average of 68%.

The center-west rains were beneficial for the early crop development and rains were expected to slow over the Thanksgiving weekend, which should allow more planting activity.

Meanwhile in Argentina, the latest reports indicate that soybean planting was 29% done as of Nov. 16. That was up only 2% from a week earlier, but was still ahead of last year’s pace of 21% done.

Editors note: Richard Brock, Soybean Digest's Marketing Editor, is president of Brock Associates, a farm market advisory firm, and publisher of The Brock Report.

To see more market perspectives, visit Brock's Web site at www.brockreport.com.