2023/24 Brazilian soybeans is 16% harvested vs. 10% average

Sustainability & Environmental Impact
Market & Price Trends
Published Feb 12, 2024

Tridge summary

Brazil's soybean crops are experiencing mixed weather conditions, with heavier rainfall in the north and northeast, and dryness in Mato Grosso do Sul, western Sao Paulo, and northern Parana. This could potentially impact the yield of later planted soybeans. The Brazilian National Weather Service predicts above normal temperatures in February. Despite the ongoing harvest, with 16% completed last week, yields are lower than expected due to hot and dry conditions in October and November. In particular, the states of Rio Grande do Sul and Goias are facing significant yield losses, with Goias expecting a reduction of up to 3 million tons from the previous growing season.
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.

Original content

The weather in Brazil last week was somewhat of a mixed bag. The heavier rainfall amounts fell in northern and northeastern Brazil with only light amounts in southern Brazil. The near-term forecast is calling for more of the same with heavier amounts in northern Brazil and lighter amounts in southern Brazil. Dryness remains across Mato Grosso do Sul, western Sao Paulo, and northern Parana. Hotter and dryer conditions in southern Brazil could impact later planted soybeans in Rio Grande do Sul, Santa Catarina, and parts of Parana. Over the weekend, isolated showers were recorded in Rio Grande do Sul for the first time in three weeks. Temperatures are expected to increase with readings more than 40°C (104°F) in parts of central Brazil with the relative humidity below 30%. Longer range, the Brazilian National Weather Service (Inmet) is forecasting above normal temperatures in west-central, northern, and northeastern Brazil during the month of February. The soybeans in Brazil were 16% ...
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