Consultancy AgRural has released its most recent crop update for Brazil. According to the consultancy, the soybean harvest progressed nationwide to 68 percent of the total surface. The average of the previous years is 67 percent. The output estimate was kept at 107 million metric tons, but the experts have signaled to a likley increase in April. The harvest works have ended in Mato Grosso do Sul and are pretty close to finish in Mato Grosso and Goiás.
The harvest is now slower in the states that form the Matopiba (Maranhão, Tocantins, Piauí and Bahia), but the yields tend to be high in the region. In the southernmost state of the country, Rio Grande do Sul, the crop also is not going so fast because of lower temperatures for the period.
The largest wheat producing state in Brazil, Parana, is likely to have a surface reduction of the winter cereal of four percent to 2.5 million acres, according to local authorities. The total output would be reduced from 3.41 million metric tons to 3.29 million metric tons. There are still 2.96 million metric tons of wheat to be sold from the previous crop or 13 percent. The overall fall of production projected to Brazil is 16 percent, according to the National Supply Company.
The southernmost state of Brazil, Rio Grande do Sul, is the last state in the country to start and finish harvesting soybeans in the country. Until today (03.24), the harvest of the oilseed has progressed to 22 percent of the surface planted, acording to the Rural Institute of Technical Assistance of Rio Grande do Sul. In one week, there was an advance of seven percentage points and the works are two percentage points comparing to a year ago. The good climate conditions have put 42 percent of the crop in maturation stage. In some regions, like in Ijui, the yields can be up to 10 percent higher than the average of previous years.
As a result of the Federal Police investigation that discovered a tainting scandal, the meat exports from Brazil dropped from US$ 60.5 million on Monday to US$ 74,000 yesterday. This morning, a new country announced that will block the entrance of Brazilian meat: South Africa.
After a Federal Police investigation that discovered meat tainting by several meat packers in Brazil, Japan, the European Union, Mexico, Egypt, Hong Kong, China and South Korea announced a blockade of any meat imports from the country. Brazil’s Agriculture minister, Blairo Maggi, said today that the country could lose up to 10 percent of the market share. “It could take Brazil up to five years to recoup its market share,” he told a Senate committee.
Sales of soybeans of the 2016/2017 season advanced just 3.4 percentage points in February in the state of Mato Grosso, according to the Mato Grosso Institute of Agricultural Economics (Imea). This is 61.63 percent of the estimated production of 31 million metric tons and a delay of 4.28 percentage points comparing to last year. It also reveals the lowest sales for the period. Experts say that this happens due to the lower average prices in the region and the three consecutive weeks of the soybean value going down in the month. Added to that problem, there was a retracion of the dollar (0.94 percent).
At this point, the harvest reached 94.54 percent of the surface planted in Mato Grosso. Comparing to a week ago, there is a progress of 3.36 percentage points. In relation to last year, the works are 9.48 percentage points ahead.
The Buenos Aires Cereal Exchange has updated last week its estimate for soybean production in Argentina with the same output number of 54.8 million metric tons. On the other hand, the report of the Exchange says that there is tendency of higher yields that, if the weather continues to be favorable, could increase this total volume of production. The fields that planted earlier tend to be in better shape and could show better than average yields.
Analyzing the National Supply Company (Conab) numbers, which put Brazilian summer corn production at 29.3 million metric tons and 59.6 million metric tons at the second corn crop, a downward pressure will be seen on corn prices, according to the consultancy Scot from the state of São Paulo. “A greater availability of corn is a key factor for the fall of domestic prices. We forecast a downward pressure beginning in May or June with the summer crop harvested and consolidated data on the second corn,” the consultancy evaluates.
Yesterday (03.14), consultancy Trigo & Farinhas informed that Brazil has imported over 25,000 tons of wheat even amid a significant crop and surpluses. Between last August and February, the country has imported a total of 4.75 million metric tons, which is 59.42 percent more than the same months of the previous season. Argentina’s wheat has been the most competitive in the biggest consumption center of Brazil, Sao Paulo. The price paid in the state is nearly US$ 23.50 / ton cheaper than Brazilian wheat.
Curitiba consultancy AgRural released a new report last Friday (03.10) revealing that the Brazilian soybean harvest reached 56 percent of the planted surface. During one week, the works have progressed nine percentage points. By the same week of last year, the works had advanced to 52 percent of the planted area then. The most advanced state is Mato Grosso do Sul with 92 percent of the crop harvested, followed by Mato Grosso (88 percent) and Parana (59 percent), where there works are late comparing to last year. Farther to the south, in Rio Grande do Sul, the harvest has just started with one percent of the surface. The projection for production remains unchanged at 107 million metric tons.