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2025-11-03 20:40:49
[Brazilian Soybean Planting Delayed, Uneven Rainfall Raises Supply Concerns] ⑴ Data from consulting firm AgRural on Monday showed that as of last Thursday, Brazil's 2025/26 soybean planting progress had reached 47% of the expected area, a slight improvement from the previous week's 36%, but significantly lagging behind the 54% of the same period last year. ⑵ The delay in planting progress is mainly attributed to uneven rainfall distribution in the main producing areas, which may lead to a delay in the soybean growth cycle and increase the climate risk in the later growth stages. ⑶ During the same period, the first-season corn planting in Brazil's central-southern region reached 60% of the expected area, roughly the same as the 59% of the same period last year, indicating that corn is relatively less affected by weather. ⑷ As the world's largest soybean exporter, Brazil's delayed planting progress may affect the subsequent global supply rhythm, and the market needs to closely monitor the potential impact of South American weather changes on crop yields.
