SÃO PAULO, Brazil (Reuters) - Brazilian producers are accelerating soybean and corn planting in the country's new crop this week, with favorable weather conditions and a positive market outlook despite a sharp drop in soybean futures in Chicago on Tuesday -market.
Soybean planting in Paraná, Brazil's second largest producer, rose to 9 percent of the projected total in the 2018/19 season, up from only 1 percent in the same period last year, with good soil moisture allowing a work in the field.
The producers in the State of Mato Grosso, the largest oilseed producer in the country, are also beginning work, as the sanitary period - a measure adopted each year to reduce foci of soybean rust - ended on 15 September, according to the Mato Grosso Institute for Agricultural and Livestock Economics (Imea).
Both states are reporting favorable conditions, although some farmers in Mato Grosso are still waiting for higher levels of soil moisture to start planting, said Daniel Latorraca, Imea's superintendent.
"We've had more rains this year than last season at this point," he said.
He said producers who plan to plant cotton soon after harvesting soybeans were the first to start planting the oilseed crop in Mato Grosso.
The first Imea report on the sowing stage will be published on Friday.
In Paraná, where the planting ban ends earlier, work has advanced eight percentage points from the previous week.
The Department of Rural Economy (Deral) also said planting the first corn crop reached 37 percent of the projected area, also above that seen last year when farmers had sown just 12 percent.
Several states have had delays in planting last season as a result of insufficient rainfall.
This delay resulted in a more risky interval for the planting of the second corn crop, which usually immediately follows the soybean harvest, leading to losses in total cereal production in Brazil.
This year, farmers are likely to be eager to plant and harvest as soon as possible, with the Brazilian soybean talks with record price premiums in Chicago, thanks to strong demand from China, which is looking for alternative sources to avoid additional tariffs on of the United States.
Rainfall is expected to continue in Mato Grosso over the next 10 days, reaching about 20 millimeters of precipitation, according to the Thomson Reuters Agriculture Dashboard.
Paraná will receive even more rain in the period, about 115 millimeters.
Reuters reported last week that Paraná, Brazil's second-largest oil producer, is having the earliest soybean planting in at least five years.
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