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marketeye
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Registered: ‎05-03-2010
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Combines roll in Brazil

[ Edited ]

Folks, the combines are rolling in Brazil, as farmers harvest the 2013 soybean crop. For a first-hand look at what the yields and conditions are like, here's a report from our friends with the Crop Expedition at Gazeto do Povo newspaper in Curitiba,  Brazil.

 

In Mato Grosso (Center West Brazil), farmers are getting yields as low as 30 bu/acre and as high as 48 bu/acre on early planted beans. They say these are the areas planted right before the two week drought period in November and will probably be the worst areas of the season, as yields tend to go up as harvest progresses to those fields planted after that dry period.
Harvesting season is only beginning down here. There is some activity underway in parts of Mato Grosso and Goias, but that’s pretty much it. So far, we’ve been hearing other reports of 44 to 48 bu/acre beans in those areas, which is pretty good, normal to above average yields for early planted beans. Parana is getting ready to start in the next few weeks and farmers are excited cause they have been having plenty of rains lately. Same goes for Rio Grande do Sul. There are, however, some people complaining about a dry spell in Mato Grosso do Sul. They are saying that if it doesn’t rain soon early planted beans yields can be cut by 50%. But, a co-worker of mine was there a few weeks ago and he says he doesn’t believe that is true, at least not for the most part of the state. In MaToPIBa (Maranhao, Tocantins, Piaui and Bahia) planting season was delayed due to lack of rain early in the season. So far crops are looking great there, but there is still a very long way to go.
We are now at a point that everything can change in only a few days, pretty much like August for US beans, you know.
We will need at least three weeks to have a better understanding of what our crops will actually be like this year. What I can tell you right now is that Brazil will surely have a WAY better crop that last year. Even though yield losses are still a possibility, it that happens it absolutely will not be a widespread thing.
As far as marketing goes, there has been a lot of forward sales this year (at least half of the soybean crop is already priced). Most of the other half will probably go from the combine to the local elevators. Domestic prices are pretty good now, and they tend to go down as harvest progresses.

 

 

Mike