Soybean Harvest in Brazil

By Eduardo Paim.

Good morning mate! Here in Brazil we already have a farm closing the harvest in the north of the state of Mato Grosso and they are reaping high averages. In the south of Mato Grosso we are starting to harvest soybeans. In the states of Rio Grande on the south, Paraná, Santa Catarina to the south of Brazil and North and Northeast, we have not yet begun to harvest soybeans. There is a concern with the states that did not start harvesting because they suffered from the lack of rain, the south of Brazil was heavily punished and is still punished with lack of rain. Argentina also had problems with lack of rain. I do not believe that we will harvest the 125,000,000 tons of soybeans due to these states that had problems with lack of rain. Also in the north of Mato Grosso the planting of second crop corn begins, the climate is great and we will certainly have increased planted area. With the appreciation of the dollar, the multi-nationals are closing many corn export contracts, this should cause a small shortage of the cereal in the domestic market in Brazil in the beginning of 2021.