Brazil Soybean Harvesting Delays Seen in February; Crop to Reach 132 Million Tonnes -Analyst

Despite planting delays caused by a drought last year, the analyst estimates Brazil's soybean crop at a record of 132 million tonnes in the 2020/2021 cycle.

RIO DE JANEIRO, BRAZIL - Harvesting delays in Brazilian soybean fields should continue throughout February after a drought pushed back plantings of the oilseeds, Thaís Italiani, market intelligence coordinator at Hedgepoint Global Markets, told a webinar on Thursday, January 28th.

The situation may delay deliveries of this year's crop to global trading companies, as this is a season marked by strong pre-sales of Brazil's most prized agricultural commodity.

Only up to 5 million tonnes of the new crop will be ready by end-January, according to calculations by another agribusiness consultancy, representing less than half of the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?