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Brazil Soybean: Soybean sowing situation in Brazil

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Foreign media news on December 9: The National Commodity Supply Company (CONAB) under the Brazilian Ministry of Agriculture stated that as of December 4, the soybean planting progress in Brazil in 2021/22 reached 95.1%, an increase of 3.6% from a week ago and compared with the previous year. It was 4.9% higher over the same period.

CONAB monitors the sowing situation in the country’s 12 central producing states. These areas account for 97% of the country’s soybean sown area. They are Tocantins, Maranhao, Piauí, Bahia, Mato Grosso, Mato Grosso do Sul, Goias, Minas Gerais, São Paulo, Parana, Santa Catarina and Rio Grande do Sul.

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Soybean planting is completed in seven states, and the planting progress varies from 97% to 100%. The planting progress in the Rio Grande do Sul and Maranhão is slower, at 80% and 65%, respectively. In its monthly report released on Thursday, CONAB predicts that Brazil’s soybean production in 2021/22 will reach a record of 142.79 million tons, which is about 800,000 tons or 0.5% higher than the November forecast and 4% higher than the 2020 output.

Current Market Price in China for Chinese soybean

Product  Name Chinese organic soybean
Type Non-Gmo
Grade A
Moisture 12% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1210-1240/mt
Delivery 20  days after the contract