The 2019/20 soybean crop harvest has started with expectations for a record production in Brazil. Despite planting delays in some states due to irregular rains in the fourth quarter of 2019, production is pegged by consultancy AgRural at 123.9 million metric tons, 1.2 million up from the previous estimate and a new record for the country, above the 119 million metric tons produced two years ago.
By Jan 16, 1.8% of the soybean area had been harvest in Brazil, most of it in top producer Mato Grosso, where yield reports have been coming at the high end of expectations. In the rest of the country, soybeans still need beneficial weather conditions until at least the end of February to secure a bumper crop, since important states such as Paraná, Mato Grosso do Sul and Goiás had significant planting delays. All of them, however, have favorable weather forecasts.
Still at risk
In Rio Grande do Sul, Brazil’s southernmost state, and in the North/Northeast region known as “Matopiba” (Maranhão, Tocantins, Piauí and Bahia), hot, dry conditions seen in December reduced the yield potential.… Continue reading