SÃO PAULO, BRAZIL — Despite recent progress, planting of Brazilian soybeans is progressing at the slowest pace in the last decade, Reuters reported, citing information from AgRural.
The consultancy firm said through Oct. 15 farmers have sowed 7.9% of the estimated soy area. Planting has been slow because of drought. In the most recent weekly comparison, planting progressed 4.5 percentage points.
A new report on Thursday likely will show further advancement in planting, AgRural said, but it is not expected that all the delay will be made up.
Another consultancy firm told Reuters that farmers will have to replant some of the soybeans planted earlier in the season. That would likely push back harvesting in February.