Soybean harvest in Rio Grande do Sul could fall by 15% due to rain, with an impact on numbers in Brazil

Published 2024년 5월 3일

Tridge summary

Torrential rains in Rio Grande do Sul, Brazil's second largest soybean producing state, have caused potential losses of 10% to 15% of the expected harvest, according to sector members. The estimated drop in the soybean harvest is between 19 million to 20 million tons, below the predicted 21.89 million tons by state-owned Conab and 22.25 million tons by Emater. The rains have also caused infrastructure, energy distribution and transport issues, resulting in at least 31 deaths and leaving dozens missing. Analysts agree that Brazilian production will be lower than expected, with the market soon discovering that the Brazilian harvest is far from the 155 million tons estimated by the USDA.

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

Original content

By Ana Mano and Roberto Samora SÃO PAULO (Reuters) -The scenario for the soybean harvest in Rio Grande do Sul, which was on track to be the second largest producing state in Brazil in the 2023/24 season, is deteriorating after torrential rains, with sector members citing this Friday Monday potential losses of between 10% and 15% of the expected harvest. The Rio Grande do Sul cooperative Cotrisal estimated a drop in the soybean harvest to around 19 million to 20 million tons, as around a quarter of the planted area had not yet been harvested before the rains, Leandro da Silva, manager of the unit, told Reuters. of grains. The numbers from Cotrisal, based in Sarandi (northwest of the state), are below the 21.89 million tons predicted by the state-owned Conab for the Rio Grande do Sul harvest before the climate tragedy. Emater, the State's technical assistance body, had estimated production at 22.25 million tons. News from Rio Grande do Sul supported futures contracts on the Chicago ...

Source: NoticiasAgricolas