IARN — The Brazilian soybean harvest continues to trail its average pace due to complicated weather conditions.
In this week’s South American weather and crop update on the Iowa Agribusiness Radio Network, Allendale commodities broker Greg McBride says Brazil’s soybean harvest is estimated to be 23 percent complete, trailing the 35 percent average pace and last year’s 40 percent.
“Northern Brazil is too wet,” McBride said. “There’s a little bit of harvest continuing to happen, but for the most part, it’s very slow going there. In the southern portion of Brazil and for most of Argentina, it’s too dry. They’ve got about another 8-10 days of dry weather down there. You’re seeing that crop stress continue to come into the thoughts for production issues down in Argentina. That will continue to give us an idea that maybe we could see some corn or bean sales continue to flow into the United States here.”
Ag Rural has noted that Brazil’s safrinha corn planting progressed 15 percent on the week to 39 percent, trailing the 67 percent average pace. Meanwhile, Mato Grosso’s safrinha crop planting is estimated to be 55 percent, well below its average pace of 92 percent.
“They are still well behind the average pace,” McBride said. “Specifically, if you look at Mato Grosso – who is the first to plant soybeans, first to harvest, and first to plant safrinha corn down there – they are well behind as well. They sit at that 55 percent planted for safrinha corn. That’s in comparison to 92 percent from last year and about 90 percent for the five-year average.”
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Weather radar by Accuweather
