SAFRAS raises Brazilian soybean production estimate to 133.1 million tons

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Brazilian soybean production in the 2020/21 harvest is expected to total 133.104 million tons, an increase of 4.7% compared to the previous harvest, which was 127.178 million tons. The new estimate was released by SAFRAS & Mercado on January 29th. The new number also indicates an increase compared to the December projection. On December 11, the date of the previous report, the projection was for production of 132.498 million tons.

With the harvest in its initial stage, SAFRAS indicates an increase of 3.2% in the area, estimated at 38.61 million hectares. In 2019/20, planting occupied 37.43 million hectares. The survey indicates that average productivity should increase from 3,415 to 3,465 hectares / kilo.

Climate irregularity marked this season. Within the same state, there are micro-regions with crops in different conditions. This fact will likely prevent us from reaching new average productivity records in most states.

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However, in general, national harvest conditions are considered quite satisfactory, without significant production losses. In any case, due to irregularities, only the advance of the harvest will reveal the real productivity situation in each state.

The climate is still important for the consolidation of Brazilian production. In Paraná and in the states of the Central-West and Southeast regions, from the beginning of February, there cannot be a large excess of humidity so that the harvest begins and progresses at a satisfactory pace and the quality of the grains is not compromised. For Rio Grande do Sul and the states of the North and Northeast, reasonable humidity will still be welcome in February. Brazil begins to harvest the new harvest with a tendency towards a new production record.

This text was automatically translated from English.

By: Rodrigo Ramos | Source: CROP & MARKET

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