Cepea researchers indicate that the good development of crops in South America is essential for the current estimates pointing to growth in the world supply of soybeans in 2022/23 to be confirmed. In Brazil, the 2022/23 season begins amid uncertainty.
Given the low stocks, producers are resistant to marketing the 2022/23 harvest in advance - agents consulted by Cepea indicate that only approximately 20% of the season has been negotiated, which could make availability in the national spot greater, as the harvest advance.
In the field, the unfavorable climate in Argentina and Paraguay generates optimism for national agents, who expect greater global demand for soy derivatives from Brazil. For now, the Brazilian harvest is estimated by Conab (National Supply Company) at a record volume, of 153,47 million tons.
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