Planting Progress in Brazil

By Eduardo Paim

We are well advanced in planting soybeans in relation to previous years, here in Mato Grosso it is normal for the rains to end in May and only to return in October; This year God blessed us, we just had no rains in July and August. Soil moisture is considerably good, we in particular started planting summer pastures in early September (last year we started in December because of low soil moisture). Work with soy and corn planting is advanced in Mato Grosso, especially in the south of the state! Southern Brazil, in the states of Paraná, Rio Grande and Santa Catarina are having difficulties to develop planting due to excessive rains! This year's corn coheita was very good in Brazil in general! There is a lot of corn that the multi's have bought and not exported, now there is the possibility that this corn will be re-sold in the domestic market, if that happens we may have strong pressure on domestic prices down. Here we made the option to sell 80% of the corn and 100% of the soy using the high dollar due to the elections for president!

As it is happening many rains in the South of Brazil I believe that we can even have a year with EL-NIÑO!