South America Calling
Alastair Stewart South America Correspondent

Monday 01/28/13

Brazilian Soy Weather Seen Improving

The weather is set to improve for Brazilian soy farmers after a fretful couple of weeks.

As of next weekend, rains will ease in the center-west where showers have hampered soybean harvest efforts, while precipitation will return to the south where it has been dry for the last couple of weeks, according to Somar Meteorologia, a local weather service.

The forecast fortifies ideas that Brazil will produce a massive soybean crop this season.

On Friday, Safras & Mercado, a Brazilian farm consultancy, raised its 2012-13soybean view to a record 84.7 million metric tons, up 27% on last year, based on the generally excellent development of the crop.

Similarly, Parana state raised its crop prediction for the No. 2 soy state to 22.7 mmt, up 26% on the year before.

A consensus now appears to be forming that Brazil will produce well in excess of 80 mmt.

Brazil's soybean harvest is still in its infancy.

Farmers had collected 2% of the crop as of Friday, down on the five-year average of 3%, according to AgRural, a local farm consultancy.

The delays were principally due to the rain in Mato Grosso and Goias, which stopped machines from entering the fields, it said in a release.

In contrast, the dry weather in Parana has aided harvesting.

(ES)

Posted at 11:20AM CST 01/28/13 by Alastair Stewart
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