Hot and Dry Weather Reduces Soybean Acreage in Mato Grosso
The 2023/24 soybean acreage in Mato Grosso was lowered to 12.13 million hectares (29.96 million acres) by the Mato Grosso Institute of Agricultural Economics (Imea). This represents a reduction of 0.74% from the prior month. Imea estimates that hot and dry conditions during October and November will require 5.04% of the soybeans in the state to be replanted.
Hot and dry conditions limited the growth of the earlier planted soybeans resulting in a lower yield potential. As a result, Imea lowered the statewide soybean yield to 57.87 sacks per hectare (51,7 bu/ac) which is down 3% compared to last year.
The 2023/24 soybean production in the state is now estimated at 42.13 million tons, which is down 3.78% from their last estimate and 7.6% lower than the 45.6 million tons produced in 2022/23.
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