Brazil will plant less corn this year.
Planting reached 96% of the estimated area for the 2017/2018 harvest, up from 95% last year and 93% on average for five years, according to AgRural’s survey.
Brazilians invested more in inputs for the 2017/2018 soybean crop.
Planting of the 2017/2018 crop is in the final stretch, and producers are worried about the low profitability.
Weather has cooperated enough to help Brazil's farmers get the soybean seeding caught up.
Next weekend, a cold front should advance to the Southeast and Central-West regions, causing rains that will benefit soybean crops.
Planting increases 13 points from previous week.
The state of Goiás, the fourth-largest producer of soybeans, is facing the most dramatic planting delays.
In Mato Grosso, the main soybean producing state, planting is delayed.
Conab said in the study that Brazilian soybean exports could grow even more if there were weather problems in the U.S.