In South America, the crop’s planting is almost complete. Yield will
likely be within expectations in Brazil, since the climate in the producing
regions has favored the development of plants. In Argentina,
the initial planting delay was decreased during recent days, and it is
believed that the losses caused by excessive rains may be offset by
acreage increase in drier regions.
ROP DEVELOPMENT – ARGENTINA
Soybean planting advances to the final stretch
in Argentina after the rains gave truce, advancing
by 80.1% of the planned area for cultivation
of the grain. The Cereales Stock Exchange predicts
a loss of 3% in the initially estimated
acreage, due to flooding in the early planting.
For the first week of 2013, climate forecast is
the occurrence of abundant precipitation in
some soybean producing regions, including
central and northern Buenos Aires and Santa
Fé.
This from FC Stone's Jan 2 report
