A report from the Mato Grosso Institute of Agricultural Economics (Imea) revealed this week that corn exports from the Brazilian state of Mato Grosso reached a new record with 14.38 million metric tons shipped so far in the year. The average of the last five years was 13.40 million metric tons for the period. Total exports from the state would sum 17.14 million metric tons until the end of 2017.
Category Archives: Brazil
Pushed by days without much rain, the harvest works of the second corn crop advanced in Brazil to 16.2 percent of the total surface, according to consultancy AgRural. After an advance of 6.8 percentage points, there is still a delay of 20.5 percentage points compared to last year due to rains in several states. In Mato Grosso alone, the harvest reached 31.7 percent of the surface, while in Mato Grosso it did not advance to over 2.5 percent of the surface. Storage has been a growing problem in Mato Grosso with on farm mounting corn and capacity exceeded.
The weekly report of Brazilian consultancy AgRural informs that the second corn crop harvest in the center-south of Brazil has advanced 4.5 percentage points to 9.3 percent of the total surface. There is still a delay of 12.4 percent compared to last year, but close to the average of the previous four years.
The major delay is in the state of Paraná, where less than one percent of the harvest finished and a forecast of rain in the last week of June that worries the farmers. In Mato Grosso, on the other hand, the harvest has gone at a faster pace reaching 21.3 percent of the planted area. In all other states, the works did not progress to more than six percent of the planted surface.
Soybean sales have advanced in Brazil because of a recovery of prices and a more favorable exchange rate in the country, according to a report from consultancy Agroconsult. Another reason for more sales is the approach of the window to buy more agricultural inputs for the next season. The consultancy also keeps estimating the total output in the country at 115 million metric tons and exports would reach 61 million metric tons with a roof of exports in the coming 30 to 60 days.
As the harvest is about to start in the southern state of Paraná in Brazil, there is a forecast of frost in the coming days, consultancy AgRural informed today (06.09). The surfaces in the western region of the state, the first to plant and harvest, are not ready yet for harvest. The frosts could potentially affect late planted areas in the state.
In the meantime, the harvest already advanced to 6.6 percent of the surface in the state of Mato Grosso, the largest producer of the cereal. There are problems reported with the quality of the grains leaving the state because of previous precipitations. In all other regions, the harvest has begun in just a few lots or even have not started yet.
The Brazilian version of the farm bill, called locally as Plano Safra (Crop Plan), was announced today (07.06) and the total amount available was R$ 188.3 billion (almost US$ 58 billion). The amount provided is lower than what was available during the 2016/2017 season if inflation is considered. The investment in the previous crop was R$ 185 billion.
By far, the largest percentage of the plan is put on credit subsidy programs. The total amount used in that is R$ 150 billion. Of this total, R$ 116.26 billion will be used on loans with controlled interested rates and R$ 34 billion with regular interest rates.
“We are here to reaffirm our unequivocal support to Brazilian agriculture. The farm business is synonym of efficency,” said Brazilian president Michel Temer at the lauch of the program.
A report from the consultancy Céleres, based in Uberlandia ( state of Minas Gerais), reveals that the sales of soybeans in Brazil are delayed compared to the previous season. According to Céleres, the commercialization reached 59 percent of the total volume and is 12 percentage points delayed compared to the last year. The reason for that is that the prices offered for soybeans in the country are lower than those observed before the devaluation of the Real, they assess. The production output estimate was maintained by the consultancy at 113.8 million metric tons and the ending stocks of the current crop would be 8.8 million metric tons, which triple compared to the 2015/2016 season.
As the second corn crop harvest starts in at least four states, Curitiba consultacy AgRural has raised its output projection to 67.1 million metric tons – up from 63 .6 million metric tons a month ago. Therefore, if the estimate is accurate, total production in the country in 2017 would reach 97.8 million metric tons. Better yields are expected mostly in the state of Goiás. In Mato Grosso and Mato Grosso do Sul, the May rains would guarantee good yields and the harvest reached nearly one percent of the total surface.
The Brazilian Association of Vegetable Oils (Abiove) released the final numbers of the Brazilian soybean crop, confirming a record production of 112.5 million metric tons. The processing was also a record with 41 million metric tons, being 8.1 million metric tons of soybean oil and 31.1 million metric tons of meal. The Association estimates total exports of soybeans at 61.7 million metric tons this year and final stocks of 11.1 million metric tons.
Brazilian corn farmers are already harvest and Agroconsult maintains its production estimate for the cereal at 100 million metric tons. The export projection of the consultancy is 32 million metric tons, mostly because of the recent devaluation of Brazil’s Real, assesses Agroconsult CEO, Andre Pessoa.