November 6, 2007
 

Brazil soy crop projected to be up 7 percent from 2006/07

Brazil's soy crop production is estimated to reach 63.1 million tonnes, up by 7 percent against 2006/07 season's 59 million tonnes output, according to private analyst Celeres.

Compared with 2006/07, the planting area is up by 8.2 percent at 22.5 million hectares. This is due to the widespread rains in the main growing regions after a severely dry season. The dramatic recovery in planting has been contributed mainly by the two top producing states of Mato Grosso and Parana.

Mato Grosso has seeded 44 percent of its area, up from 28 percent a week ago. Parana has seeded 27 percent of its crop, up by 20 percent from last week. Rio Grande, the third largest producer, has planted 9 percent of its crop up from 3 percent from last week.

Independent meteorologists forecast more widespread rains for the soy regions throughout November.