How much soybean is at risk due to excessive rains in Brazil

Published 2024년 5월 5일

Tridge summary

Heavy rainfall in Rio Grande do Sul, Brazil's largest agricultural state, has disrupted soybean harvesting, leaving about 25% of fields unharvested and causing concern about production levels. The floods, which have resulted in significant losses and infrastructure damage, have also killed 31 people and left many missing. Despite the disruptions, which have led to the death of four to five million tons of soybeans, as per conservative estimates, national and state agricultural agencies have not yet revised their production forecasts. Ongoing rains are expected to continue over the weekend, exacerbating the situation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prospects for soybean production in one of Brazil's largest agricultural states are deteriorating rapidly after heavy rain disrupted the harvest, leaving around a quarter of fields unharvested in Rio Grande do Sul. Reuters reflects that the situation has affected the confidence of producers in Brazil's southernmost state, where at one point in the 2023/24 season soybean production was expected to be a record after at least two years of drought reduced production in the region. Leandro da Silva, who manages a grain unit at the Cotrisal agricultural cooperative in the city of Sarandí, said on Friday that the impact of the rains, which left entire cities under water and flooded agricultural fields in lower-lying areas, could reduce production in Rio Grande do Sul, which would reach between 19 and 20 million metric tons. National crop agency Conab has Rio Grande do Sul soybean production at 21.89 million tons and state crop agency Emater has it at 22.25 million. Emater did not ...

Source: Agromeat