Porto Alegre, May 16, 2023 – The soybean planting of the new US crop again advanced at a strong pace in the period between May 1 and 7. The percentage planted so far remains well above the five-year average for the period, indicating an excellent work pace.
According to the United States Department of Agriculture (USDA), until May 7, the planted area was indicated at 35%. The market expected 34%. The week earlier, the percentage was 19%. In the same period last year, it was at 11%. The average for the period is 21%.
Despite part of the belt having received some rain in the period between May 7 and 13, farm machines have advanced at a reasonable pace in the main growing states, ensuring that the percentage remains above the five-year average.
Climate maps now point to some moisture across the growing belt in the period between May 14 and 20, but again without expected excesses. Such an environment should continue to allow the machines to advance at a good pace, in addition to being favorable to the germination of crops already sown.
In the period between May 21 and 27, conditions are likely to be very similar to those of the previous week, maintaining a favorable environment.
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