Brazil’s Soybean Harvest Progresses Amid Drought Concerns in Southern Regions
As of late last week, 60% of Brazil’s soybean harvest for 2024/25 was completed, slightly above average. Despite favorable rainfall in some regions, southern areas face drought, affecting 40% of safrinha corn acreage. Yield estimates have been adjusted downward by consulting firms, particularly due to disappointing results in Rio Grande do Sul. Mato Grosso shows strong harvesting progress, with expectations of record-high yields. Upcoming events will address sector developments.
As of late last week, approximately 60% of the soybean harvest in Brazil for the 2024/25 season has been completed, slightly ahead of the average. Rainfall experienced recently favored the northwestern regions, while the southern states, notably Parana, continue to face drought conditions, accounting for about 40% of safrinha corn acreage. The weather forecast indicates continued dryness in these southern regions.
The harvesting progress stands at 58.7%, which is a notable increase from last year’s 52.6% and the average of 56.2%. The current production estimate remains at 170.0 million tons, notwithstanding some localized delays in the northern regions due to wet weather impacting harvest quality. Conversely, consulting firms have adjusted their production estimates downward, citing disappointing yields from Rio Grande do Sul.
In Mato Grosso, harvesting has reached an impressive 91.8%, significantly ahead of the previous year. Current projections estimate that farmers cultivated 12.66 million hectares, representing a slight increase from last year. The average yield is forecasted at a record high, contributing to a total expected production of 49.62 million tons, up from the prior month.
Additionally, the harvesting figures reveal that Parana is at 68%, while Rio Grande do Sul has seen only 3.8% harvested. The variability in rainfall has led to inconsistent yields, particularly affected by previous dry spells. Crop tours indicate a potential reduction in soybean production estimates, contingent upon March rainfall.
Promotion of the grain sector will continue at the upcoming 23rd International Conference BLACK SEA GRAIN.KYIV on April 24, fostering industry collaboration and knowledge exchange.
In summary, Brazil’s soybean harvest for the 2024/25 season is progressing positively at a slightly above-average pace; however, certain southern regions remain affected by drought. Adjustments in production estimates reveal concerns surrounding yields, particularly in Rio Grande do Sul. The southeastern states are experiencing variability due to climatic conditions, thus impacting overall production outcomes. The upcoming conference concerning the grain sector will provide strategic insights and foster collaboration among industry leaders.
Original Source: ukragroconsult.com
