In Goias state, our group sees a good looking crop. We were told the farmers planted in dust and now the grains will bust.
Also, found out that farmers pay 20-30 percent of the value of their soybeans to ship their crop from the north to the southern port of Paranagua. We will visit some U. S. Farmers in Bahia state soon.
Here are a few corrections from previous posts. Brazil farmers seek a higher wheat price from their domestic buyers not the export market like I reported.
Mayo Grosso's soybean production is estimated at over 19.0 mmt, not 13.2 like I first said.
And, Brazil's safrinha corn acres will be higher Not lower. Late harvest yes, but I'm told the government will extend the deadline to plant that second corn crop, especially since the prices are high.
What does the gov't. have to do with a deadline for planting a second corn crop? Geez, a bunch of college educated idiots making cropping decisions? Just what we need here to really send grain prices through the roof.
It is a region by region decision by the government. The deadline extension isn't a blanket-like decision. One state might get an extension to plant the second corn crop but the next state might not.
Here in Brazil more than 90 percent of the farmes uses credit controled and limited by the government for each crop we are intending to plant, cause it is the cheapest. So, to reduce risk, the almighty only accept those crops set between days that historically will have better rainfall amount for it, with littles changes when cientists predict rain will last longer.
These decisions are made for each region inside each State using weather hystory and the amount of days each crop needs to grow and have a nice production.
AG MOBILE
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