South America Calling
Alastair Stewart South America Correspondent

Tuesday 06/24/14

Rains Slow Brazil's Mato Grosso Corn Harvest

Recent rains have delayed early harvesting of second-crop corn in Brazil's Mato Grosso.

Field work has been pushed back a couple of weeks across the state, especially in the southeast. But efforts still remain slightly ahead of last year.

As of Friday, the corn harvest was 5.2% complete in Mato Grosso, compared with 4.3% at the same time last year, said the Mato Grosso Agricultural Economy Institute (IMEA).

Early yields have been fairly strong, reaching 90 bushels per hectare. That's down 5% on the average from last year, but nearly 10% higher than forecast for the crop in the state.

Farmers have already harvested 885,000 metric tons of corn, and that is putting pressure on local prices. The price of corn dropped 11.5% last week across Mato Grosso to an average of R$14.56 per 60-kilogram bag ($2.77 per bushel), while the futures price on the BM&F exchange in Sao Paulo dropped just 1.7% to R$25.06 per bag.

IMEA forecasts Mato Grosso will produce 15.4 million metric tons (mmt) of corn in 2013-14, down 32% on the year before.

Output is seen falling because of a 19% decline in area to 7.4 million acres and late planting due to excessive early season showers.


Posted at 4:20PM CDT 06/24/14 by Alastair Stewart
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
October  2015
            1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Subscribe to South America Calling RSS
Recent Blog Posts
  • Brazil Farm Customs Inspectors Call Off Strike
  • Brazilian Soy Planting Edged Forward Last Week
  • Brazilian Soy Forward Sales Strong in September
  • Reading Brazilian Grain Export Numbers
  • Mato Grosso Stamps Down on Second-Crop Soy
  • Brazilian Customs Strike Enters 12th Day
  • Brazil Soy Planting Gets Underway
  • Brazilian 2015 Wheat Imports Seen Down, For Now
  • Brazilian Farm Custom Inspectors Strike
  • Brazilian Ethanol Exports Surge, Window Closes
  • Brazilian Fertilizers Sales Continue To Perk In August
  • Brazil's Asian Rust Alert
  • Brazil Debt Rated Junk; Grain Industry Benefits For Now
  • Estimates Reaffirm Larger Brazilian Soybean Area
  • Brazilian Soy Market Slows
  • Argentine Wheat Gets Rest From Rains
  • Brazilian Crop Chemicals Market to Remain Firm
  • Brazil GMO Planting On The Rise
  • Upturn in Brazilian Fertilizer Demand
  • Brazilian Fertilizer Sales Stable in July