2023/24 Brazil safrinha corn is 93% planted

Published 2024년 3월 18일

Tridge summary

The planting of the 2023/24 safrinha corn in Brazil is almost complete, with 93% coverage as of last week. However, concerns are rising due to dry conditions in south-central Brazil, with rainfall significantly below average in recent weeks. A forecasted heat dome in northern Argentina, Paraguay, and parts of south-central Brazil could further deplete soil moisture, potentially impacting the safrinha corn. Despite these concerns, the corn estimate for 2023/24 remains at 112.0 million tons. In Mato Grosso, where 97.8% of the safrinha corn was planted as of last week, the state's corn production estimate remains unchanged at 43.28 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The 2023/24 safrinha corn was 93% planted as of late last week compared to 82% last year according to AgRural. This represents an advance of 7% for the week and this week will essentially be the last week for safrinha planting. Dryness is starting to be a concern in south-central Brazil including the states of Parana, Mato Grosso do Sul, Sao Paulo, southern Goias, and southeastern Mato Grosso. Rainfall in the region has been 40% to 80% below average for the last 2-3 weeks. Rain over the weekend did benefit parts of Mato Grosso do Sul and Goias. The concern now is a heat dome that is forecasted for this week in northern Argentina, Paraguay, and parts of south-central Brazil. This is the third heat wave of the season with temperatures forecasted to be at least 5°C above average. If the forecast verifies, soil moisture could quickly be depleted for the safrinha corn that is in early vegetative development. Brazil’s 2023/24 corn estimate was left unchanged this week at 112.0 million ...

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