01-26-2012 06:21 AM - edited 01-26-2012 05:52 PM
South America Harvest Update:
Reporter colleagues in Brazil checked in today to file this report. In Mato Grosso, farmers are looking at a bumper soybean crop in 2012, according to Gazeta do Povo reporters on the annual Crop Expedition Tour. In northeast Mato Grosso, farmers just starting harvest season are reporting yields of 55 bags per hectare vs. 48-50 bags a year ago.
In Parana, soybean harvest season is just beginning. Soybeans in that southern Brazilian state have suffered from timely rainfall. In the past two weeks, rainfall has been plentiful, but it's too late, field reporters say. In Parana, early soybean production estimates of 14.9 million metric tons have been