Reuters news reports the harvest of Brazil’s record 70.56 million ton soybean crop picked up over the past week as the grain belt dried out grains analysts Celeres said Monday.
On average, Brazil harvests 80 percent of its crop by this week in the season, still putting this year’s harvest above average.
Celeres said that 85 percent of the new crop has been collected, up 77 percent the week prior but behind the 89 percent harvested at this time last year. The harvest in the top soy producer state Mato Grosso is finished. Parana, the number two top producing state, has harvested 98 percent of its crop.