Soybean harvest advanced 13 percentage points the week ending March 18 to 59% complete, which was in line with expectations but still seven percentage points behind last year at this time, according to AgRural. Farmers took advantage of some drier weather last week to push harvest ahead. AgRural warns that its 2020-21 production estimate will likely be lowered in Mato Grosso due to excessive rain. It last pegged the crop at 133 MMT.
Also of note, Rabobank raised its soybean production estimate 500,000 MT to 133 MMT.
Safrinha corn planting pushed to 90% complete across Brazil’s Center-South, which is 6 percentage points behind year-ago, the AgRural consultancy reports. The ideal planting window closed for the crop several weeks ago, fueling worries even a normal end to the monsoon season will clip yields. But the consultancy also said that initial crop conditions are good.