Consultancy AgroConsult has released a projection that says that Brazil’s 2013/14 soybean crop at 90.7 million tonns, an increase from the previous 86 million tons estimate and the highest number published so far in the country. The corn production will be at 76.1 million tons, which is up from 75.7 million tons previously thought by AgroConsult.
The southernmost state of Brazil, Rio Grande do Sul, have harvested already 98 percent of the total planted wheat area, according to a report from the Institute of Rural Technical Assistance (Emater/RS) from the state, which accountable for more than half of Brazil’s output. The new estimate for the total yields is 2.9 million tons through an area of 2.5 million acres. The previous record was in 2007, when the state harvested 2.7 million tons of wheat. The best productivity is in Passo Fundo (3.2 tons/ha).
A report from Argentina’s National Institute of Agricultural Technology (INTA) informs that the country already planted 50 percent of the projected corn area of the second crop. So far, high moisture and a ranged temperature of the soils has provoked bad conditions for the corn planted in Argentina.
In the 2013/2014 crop season, Argentina will grow its soybean production to 53.5 million tons from 49.3 million tons last year, according to a new projection from the United States Department of Agriculture. In the meantime, the estimates for Uruguay are 3.12 million tons, while Paraguay would produce just nine million tons, which down from 2012. Even with production slightly declining, Paraguay is likely to have a jump on its share on soybeans exports.
A new release from Brazil’s Ministry of Agriculture says that the country already beat the goal of beef exports for the year – reaching US$ 6 billion in November. With that number, the Brazil government now projects that beef exports would be over US$ 6.5 billion and, therefore, the country would lead meat exports in the world. If confirmed, the amount is 15 percent higher than in 2012.
According to a study from the Uruguayan Association of No Tillage Planting, the soybean planting in Uruguay will have 247,105 more acres than in the previous crops, when the country planted nearly 3.3 million acres. Even with lower prices compared to earlier in the year, the reason is that earnings are being good with oilseed in that small nation. “Costs, that previously were a problem, are not increasing”, said Miguel Carbajal, director of the Association, to local newspaper El País. If the numbers are confirmed, that may be a new record of soybean area in Uruguay.
According to the Anti-Rust Consortium, which is based in São Paulo, the soybean rust was found in this season in nine different locations. The disease currently can be seen in the states of São Paulo, Mato Grosso, and Paraná. At the harvest of the last crop season, the rust was found in nearly 490 locations in Brazil and generated a loss of over of over US$ 2.5 billion to soybean growers in the country.
Soybean planting in the southernmost state of Brazil, Rio Grande do Sul, has been going faster than expected. However, in some occasions planting has had to be remade. The reason is the occurrence of fungus. According to the Institute of Rural Technical Assistance of Rio Grande do Sul (Emater/RS), the state already planted over 65 percent of the total projected area was planted, mostly upon the straw of wheat and other winter crops. Emater also reports that the wheat that is being harvested is “above average” in terms of quality.
A new estimate from the Buenos Aires Cereal Exchange says that the soybean area will increase 3.8 percent to 50.5 million acres. Most of the increase comes from areas that previously was used for corn. Soybeans are a lot more profitable in Argentina than corn. Of the total soybean area projected, nearly 58.9 percent is already planted.
According to a projection of the Brazilian government, Brazil’s exports of corn are likely to reach 25 million tons in 2013. The number is 26 percent higher than last year, when a record was set. The revenue generated by the cereal will probably be nearly US$ 6 billion – up from US$ 5.3 billion in 2012. In 2008, Brazil just had exported 6.4 million tons.