The sales of the second corn crop are still slow in the Brazilian state of Mato Grosso, according to the Mato Grosso Institute o Agricultural Economics. So far, sales reached 51.2 percent of the total corn volume produced in the state.
Compared to the same month of last year, the trade is 3.9 percent delayed. Prices are to be blamed for the delay. The current price of corn in Sorriso, Mato Grosso, is R$ 52.00 per bag of 60 kilograms.
Brazilian and American authorities are close to a deal over the dispute on cotton subsidies opened in 2004 by Brazil at the World Trade Organization, according to a story broke by Reuters. The Brazilian sources revealed that a significant improvement on the relationship of both countries will take place. Last year, a espionage scandal on the Brazilian president and top Brazilian companies generated friction between the two countries.
According to those sources listened by Reuters, Washington would compensate Brazilian cotton growers in the new agreement. Americans have stopped paying the compensations last October due to budget disagreements at the US Congress.
The soybean production in Argentina would reach 58.7 million tons during the 2014/2015 season, according to a new projection from Lanworth. This new forecast is above of what was projected by the Buenos Aires Cereal Exchange and the country’s Ministry of Agriculture.
The Thomson Reuters arm puts Argentina with this record crop because the planted area would be 50.6 million acres and the weather tends to be favorable. That can be worrying for prices because of a record crop expected for both Brazil and the United States.
Soybean planting advanced to 2 percent of the projected surface of Brazil last Friday, according to consultancy AgRural. One year ago, planting was at one percent of the area, which is the average of the last five years.
Currently, planting already started in Mato Grosso, Mato Grosso do Sul, and Paraná. The reason that planting is faster this year is because of favorable weather in the southern state of Paraná. In the state, the planted soybean reached seven percent of what is forecast to be produced.
AgRural projects a production potential in Brazil of 83.8 million tons of soybeans through an area of 76.6 million acres.
The Brazilian state of Paraná released a new crop report. The state’s Department of Agriculture says that the wheat surface increased 35 percent to 3.3 million acres in the 2014/2015 crop season. The production is expected to jump 112 percent to 3.9 million tons.
According to consultancy Trigo & Farinhas, considering this output, the 300,000 tons of volume imported from Paraguay, Argentina, and the United States, the Brazilian state will have a surplus estimated at 1.6 million tons.
The soybean planting in Brazil’s state of Mato Grosso just started, but three cases of Asian rust were already seen in the fields of the state. The occurrences were confirmed by the local crop protection agency.
The cases were found in the municipalities of Sapezal, Campo Novo dos Parecis, and Campo Verde near highways. The most dangerous is case is considered at Campo Novos dos Parecis because the Rust case was in a 17,297 acres soybean field.
Brazil’s National Institute of Meteorology forecasts this Wednesday will be cloudy in the state of Mato Grosso, the country’s top soybean producer, which is starting the planting season. Torrential rains might happen in the next few days.
In Mato Grosso do Sul, another big producer of soybeans and corn, hail and electrical discharges are forecast. The soybean planting started last week in both states after the end of legal hallowing.
According to a forecast released by Brazilian consultancy Trigo & Farinhas, wheat production in Argentina, Brazil, Paraguay, and Uruguay, the member of the Mercosur bloc, will increase 8.8 percent to 22.2 million tons during the 2014/2015 season.
The consultancy also predicts that exports will jump to 3.08 million tons from 2.5 million tons. Total consumption within the four countries would be 19.4 million tons in the new season. Therefore, the consultancy believes that the final stocks would have a jump of 27.2 percent to 3.3 million tons.
Brazil’s minister of Agriculture, Neri Geller, launched the new soybean crop season last Friday in Sorriso, Mato Grosso, as planting is starting in the region. He announced that the expectation is that the surface for the oilseed will grow five percent in 2014/2015 to 78.1 million acres with an average productivity of three tons per hectare.
“We expect that our production becomes more profitable for farmers and for Brazil in this new season”, said Geller.
The first corn-based ethanol plant of Brazil started its works to be built in Chapadão do Sul, Mato Grosso do Sul. The initial investment is projected at US$ 140 million by BioUrja Agroindustrial Brasil. The enterprise would absorb the corn production from the region to process the meal and produce ethanol.