Brazil: Lower soy yields in Mato Grosso do Sul due to adverse weather

Published 2024년 4월 15일

Tridge summary

Soybean harvest in Mato Grosso do Sul, Brazil, is nearly complete at 94%, with the southern regions slightly ahead. However, adverse weather conditions have led to a reduction in yield estimates from 54 to 50.5 sacks per hectare, marking a 19% decrease from the previous season. As a result, the 2023/24 soybean production forecast has been lowered by 13.8% to 12.92 million tons. The decrease in production is mainly due to hot and dry weather that forced the replanting of 240,000 hectares. Despite these challenges, the harvest is anticipated to finish by the end of April. Nonetheless, sales have been sluggish, with only 42% of the production sold, attributed to low domestic prices.

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

Original content

Soybeans in the state of Mato Grosso do Sul in southern Brazil are 94% harvested according to the Soybean & Corn Producers Association of Mato Grosso do Sul (Aprosoja/MS). The harvest is most advanced in the southern part of the state at 96.5%, while 83% of the soybeans have been harvested in the northern part of the state. At the start of the growing season, Aprosoja/MS estimated the statewide soybean yield at 54 sacks per hectare (48.2 bu/ac), but that has now been lowered to 50.5 sacks per hectare (45.0 bu/ac) or a reduction of 19% compared to 2022/23. Aprosoja/MS is estimating the 2023/24 soybean production in Mato Grosso do Sul at 12.92 million tons, which is down 13.8% from initial expectations. Farmers in the state planted an estimated 4.00 million hectares of soybeans (9.88 million acres), but 240,000 hectares (593,000 acres) had to be replanted due to poor emergence caused by hot and dry weather during October and November. The combination of late planting and irregular ...

Source: UkrAgroConsult