The areas of Mato Grosso that are standing out with the highest numbers of harvested areas are north (73.83%), middle-north (71.21%) and west (61.29%), also showing an increase of 0.67% in the productivity of the areas harvested during this week compared to last week's results, estimating an average of 62.28 sc/ha.

The expectation for next week is over the northeast and southeast regions, as large rainy volumes are estimated for the area, from 55 to 65mm, according to the Noaa (National Oceanic and Atmospheric Administration).

ARGENTINA

The severe drought in Argentina has reflected in the soybean market. According to the Cereal Exchange, 55.00% of the areas are in regular or poor conditions, due to records of high temperatures and lack of moisture in the soil. Producers in the country are already even abandoning their areas and shortening the plant cycle, which directly interferes with productivity. 

Furthermore, the Cereal Exchange estimates that production will be 38.00 million tons, representing about 10 million tons less than initially expected for the 22/23 crop.

This impacts the market as a whole, as it negatively alters the supply of by-products such as soybean oil and bran, since Argentina is the largest exporter of these. Thus, a space is opened for greater participation of Brazil as a supplier of these by-products and also other producing countries.

Source: Agrolink