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January 31, 2020

Early Soybean Yields in Brazil are Generally Positive

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

A sampling of some of the early soybean yield reports from Brazil include the following:

Mato Grosso - In the municipality of Nova Mutum, which is located in south-central Mato Grosso, the soybean harvest is 35-40% complete and yields are variable. Some yields are better than last year and some yields are below those of last year. The President of the local Rural Syndicate is expecting soybean yields to be 1-2 sacks per hectare (0.8 to 1.7 bu/ac) better than last year's average of 57 sacks per hectare (50.6 bu/ac).

Mato Grosso - In the municipality of Lucas do Rio Verde, which is located in south-central Mato Grosso, 30% of the soybeans have been harvested and most farmers are expecting yields equal to or better than last year.

Mato Grosso - In the municipality of Sorriso and Sinop, which are located in central and northern Mato Grosso respectively, Agroconsult is estimating the early soybean yields 10-15% higher than last year. In the municipality of Campos de Julio, which is located in western Mato Grosso, early yields in the range of 58-64 sacks per hectare (51.5 to 56.8 bu/ac) and prices in the range of R$ 72 to R$ 74 per sack (approximately $8.20 to $8.40 per bushel).

Mato Grosso do Sul - The president of Soybean & Corn Producers Association of Mato Grosso do Sul (Aprosoja MS) feels the statewide soybean yield will be in the range of 52 sacks per hectare (46 bu/ac). The early soybean harvest is late getting started due to the delayed planting and the harvest will extend until mid-March. Farmers have already sold 50% of their anticipated soybean production for good prices.

Mato Grosso do Sul - In the municipality of Chapadao do Sul, which is located in northern Mato Grosso do Sul, early soybean yields better than last year and expected to be 60 sacks per hectare (53.2 bu/ac). More than half of the anticipated soybeans have been sold in the range of R$ 72 to R$ 75 per sack (approximately $8.20 to $8.50 per bushel).

Mato Grosso do Sul - In the municipality of Caarapo, which is located in southern Mato Grosso do Sul, the early soybean harvest is underway and the president of the local Rural Society is expecting yields in the range of 50 to 60 sacks per hectare (44.4 to 53.2 bu/ac).

Parana - In the municipality of Castro, which is located in eastern Parana, the soybean harvest has not yet started, but the president of the local Rural Syndicate is expecting soybean yields in the range of 66 sacks per hectare (58.6 bu/ac). Farmers have forward contracted approximately 32% of their anticipated soybean production for prices in the range of R$ 85.00 per sack (approximately $9.65 per bushel).

Parana - Farmers in western Parana are expecting very good soybean yields in the range of 75 sacks per hectare (66.6 bu/ac). Farmers in northwestern Parana are not as optimistic. In the municipality of Doutor Camargo in northwestern Parana, dry weather delayed the soybean planting and farmers are expecting soybean yields in the range of 50-60 sacks per hectare (44.4 to 53.2 bu/ac). Soybean prices are good in the region in the range of R$ 80.00 per sack (approximately $9.10 per bushel).

Sao Paulo - In the municipality of Candido Mota, which is located in southern Sao Paulo, the soybeans are approximately 20% harvested and the early yields are below expectations. Currently farmers are harvesting soybeans planted in September (about 40% of the total) and yields are running 30% below last year due to dry weather earlier in the growing season. For the 60% of the soybeans planted in October, yields are expected to be better.