Brazilian Soybean Harvest Advances to 16%

Posted on 03/09/2017 10:24 AM

AgRural estimates around 16% of the Brazil soybean crop was harvested as of late last week, compared to 14% a year-ago. Relatively dry weather resulted in an increase in harvest and more dry weather is ahead, says South American crop consultant Dr. Michael Cordonnier, who left his crop estimates unchanged this week.

Cordonnier says soybean yields are beginning to gradually move higher, which was expected, as harvest moves into medium-maturity varieties. He says soybean harvest is Mato Grosso is around 20% complete and yields there continue to be variable. In Parana, harvest is around 25% to 30% complete and in Mato Grosso do Sul, harvest is 8% complete.

Meanwhile, Cordonnier says the ideal planting window in Mato Grosso for safrinha corn closes at the end of this week, so even if the acreage for the crop increases, it will be planted very late, which raises weather risks.

Dr. Cordonnier 2015-16 Soybean Estimates
Est.
Maximum
Minimum
2014-15

in million metric tons

Brazil
98.0
102.0
95.0
96.2
Argentina
59.0
60.0
57.0
60.8
Paraguay
8.8
9.3
8.3
8.4
Bolivia
3.0
3.3
2.7
2.6
Uruguay
3.5
3.8
3.2
3.5
Total
172.3
178.4
166.2
171.5
Dr. Cordonnier 2015-16
Corn Estimates
Est.
Maximum
Minimum
2014-15

in million metric tons

Brazil
83.2
87.0
80.0
85.4
Argentina
23.6
26.0
22.0
25.5
Paraguay
3.1
3.4
2.7
3.0
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.5
0.6
0.4
0.5
Total
111.1
117.8
105.7
115.1


In Argentina, the condition of the soybean crop continues to improve following recent rains. Cordonnier says over 90% of the crop is rated good to very good and is filling pods in all areas expect the northern region that is in vegetative development due to late planting.

He also says farmers finally completing corn planting last week, which is exceptionally late. "There has been a lot of speculation as to how much additional corn may have been planted due to the election of Marci last November," says Cordonnier. "The best guess is that farmers may have planted 200,000 to 300,000 more hectares of corn than what was originally estimated. Nearly all of this additional corn was planted in northern Argentina and it was planted very late."


 

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