2023/24 Brazil safrinha corn 27% planted vs. 11% last year
Market & Price Trends
Published Feb 12, 2024
Brazil's safrinha corn planting has increased by 16% from the previous week, reaching 27% completion, according to AgRural. However, there are concerns about potential hot and dry weather in late February that could harm the crop. The first corn crop is 17% harvested, up 5% from the previous week. In Mato Grosso, safrinha corn planting is at 28.6%, up 17.4% from the previous week, but some farmers are considering reducing their safrinha acreage due to profitability concerns.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
The safrinha corn was 27% planted as of late last week compared to 11% last year according to AgRural. This represents an advance of 16% for the week. A successful safrinha corn crop is highly dependent on the summer rainy season extending into early May at least. It is too early to say for sure when the rainy season will end, but there are signs that it may end earlier rather than later. Metrologists in Brazil and the U.S. have speculated that hot and dry weather, similar to what occurred last October and November, may be in store for south-central Brazil starting as soon as the second half of February. If that turns out to be true, it would be bad news for the safrinha corn. Safrinha planting will not be completed until sometime in March, but if the weather turns dryer during the second half of February, farmers may not want to risk planting their safrinha corn later than normal, especially at these low corn prices. The first corn crop in Brazil was 17% harvested as of late last ...