Soybean planting advance 13 percent in one week considering the forecast surface in Brazil, according to a report from consultancy AgRural. The consultancy says that the country reached 76 percent of the total area last Friday.
Now planting is just three percent delayed compared to previous years. A dry weather favors the appearance of caterpillars throughout the country. Helicoverpa armigera (known as the earworm in North America) was detected on soybean crops in Paraná, Rio Grande do Sul, and Goiás. The most advanced location is Mato Grosso do Sul – with 95 percent of the area.
According to a report from the Rural Institute of Technical Assistance of Rio Grande do Sul, the southern-most state of Brazil lost nearly 42.37 percent of the expected wheat production. The reason of the losses were torrential, rains, fungus, and other diseases. The initial estimate was 3.1 million tons, but now it has dropped 1.81 million tons.
Harvest works are almost finished in major regions like Santa Rosa or Ijuí. Overall, the state of Rio Grande do Sul harvested 79 percent of the surface of 2.8 million acres. Generally, soybeans are planted over the state in the state.
Argentina’s Banco Nación, the main source of agricultural credit in the South American country, confirmed that it will not lend money anymore to farmers who keep their soybeans stored waiting for a better payment. The measure was called an extortion by rural leaders.
“These restrictions are part of a discriminatory practice of this government that wants to force producers to sell the last grain of our harvest with stocks at the same level of last,” Argentina’s Rural Society stated.
The issue has been a subject of conflict of Argentinean farmers and the government for several years because of the extreme need of foreign reserves in the country and the Kirchner administration’s ideology.
The weekly report of Department of Agriculture the southern Brazilian state of Paraná informed that 96 percent of the wheat surface in the state was already harvested. About 82 of the crop is considered good or excellent, 16 percent is average, and two percent are under bad conditions.
With nearly 3.5 million tons of the wheat produced in the state being used for bread and 2.5 million tons for the local grind, consultancy Trigo & Farinhas forecasts that there won’t be a significant need for imports from Paraguay in the state.
Uruguay already harvested nearly 10 percent of the expected surface for wheat, according to Monitor Agrícola. Brazilian consultancy Trigo & Farinhas informed that there is not a definition yet on the trend quality and reported that some of wheat harvested is already being used to feed animals. At the local mills, price ranges from US$ 205 to US$ 210 per ton.
The soybean planting reached 63 percent of the total surface in Brazil, according to a report released yesterday by consultancy AgRural. In one week, the advance was of 17 percent mostly pushed by rains in the center-west. However, there is still a delay of six percentage points compared to the same period of last year.
In center-western states like Mato Grosso, the weather was too dry throughout the month of October, something that has stopped planting for a while. In that state, the number one producer of soybeans in Brazil, planting reached 82 percent of the area. In the southern state of Paraná, it now got to 76 percent of the oilseed surface.
Nearly 200 trucks were caught trying to advance over the border of Argentina to Brazil with 6,000 tons of soybeans last Friday. The drivers were attempting to cross the border to smuggle the grains illegally and to avoid the export taxes called locally as retentions. For the second week in a row, the beans seized came from the Chaco province. Argentinean authorities now say that “ghost” farm associations do the smuggling purchasing the soybeans from small farmers using their fiscal data and they are helped by former federal employees to falsify the documents.
Farmers in the Brazilian state of Mato Grosso were able to advance faster the soybean planting this week and reached 84.1 percent of the expected surface, according to the Mato Grosso Institute of Agricultural Economics. Now, planting is just nine percentage points delayed compared to last year. A week, the delay was 19 percent. Due to the lack of rains, the works had stopped in early October.
Torrential rains over last week and the last days have delayed soybean planting in Argentina, according to the country’s Ministry of Agriculture. Yesterday, rains dropped in the provinces of Santa Fe, Entre Rios, La Pampa, Córdoba, and parts of Chaco and Santiago del Estero.
The government hasn’t released the numbers of soybean planting yet, but it did not reach 10 percent of the expected surface this week. The delay is nearly 3.5 percent compared to the same period of last year, reads the Ministry of Agriculture data.
The dollar value has been up in Brazil almost everyday after the re-election of incumbent president, Dilma Rousseff. That is one of the reasons that corn sales in the country have sped up recently, according to Porto Alegre analyst Carlos Cogo. He believes that corn prices will also be sustained by domestic prices – at least in the short-term.
“There was an average increase of the corn value in 20.5 percent since early October. These two factors sustained the domestic prices,” said the analyst.
Cogo predicts, on the other hand, that there will be a big surplus of the cereal in Brazil soon. “Exports tend to fall and a downward pressure would happen during the first months of 2015″, projected. His prediction that Brazil will end the 2013/2014 with a record stock of the cereal of over 15 million tons. The USDA forecasts the Brazilian corn production at 75 million tons.