Feb 27, 2025
2024/25 Brazil Soybeans 40% Harvested up 10% for the Week
Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.
Rainfall in Brazil last week favored south-central regions of Brazil with dryness remained across much of southern Brazil. The forecast is calling the rain this week to favor the northwestern growing areas of Brazil, especially Mato Grosso. Dryness is likely to persist across the southern safrinha corn areas.
The soybean harvest in Brazil has progressed quickly the last two weeks and it is now slightly ahead of average. Given the current forecast, there is now less concern about a delayed harvest and potential quality issues. The bigger concern now are the yields in southern Brazil, especially Rio Grande do Sul. Yield estimates continue to decline in the state due to hot and dry conditions during January and early February. Therefore, the 2024/25 Brazil soybean estimate was lowered 1.0 million tons this week to 170.0 million tons with a neutral to slightly lower bias going forward.
Brazilian farmers had harvested 37.6% of their soybeans as of late last week compared to 38.0% last year and 36.8% average according to Patria Agronegocios. This represents an advance of 10.4% for the week and the harvest pace is now slightly ahead of average.
Mato Grosso - It was another good week for harvesting in Mato Grosso with 66.1% of the soybeans harvested compared to 76.4% last year and 65.6% average according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an increase of 16% for the week and the harvest pace is now slightly ahead of average. The most advanced harvest is in the mid-north region where the soybeans are 83% harvested.
Imea is now estimating that soybean yields in Mato Grosso will set a record in 2024/25 of 62.0 sacks per hectare or 55.4 bu/ac.
Below is the soybean harvest pace in Mato Grosso for February 21, 2025 from Imea.
Parana - Soybeans in Parana were 40% harvested as of earlier last week according to the Department of Rural Economics (Deral). Of the remaining soybeans, 42% are filling pods, 57% are maturing, and they are rated 3% poor, 19% average, and 78% good.
Rio Grande do Sul - Even though the state did receive some rain recently, damage had already been done to the soybeans due to hot and dry conditions in January and early February. Parts of the western and northwestern regions of the state went more than 30 days without rain with temperatures much above normal. The soybean harvest has not started in the state, but many farmers are expecting yields to be down as much as 40%.
Mato Grosso do Sul - According to Aprosoja/MS, soybeans in the state were 29% harvested as of earlier last week. The southern part of the state has been impacted by hot and dry weather and they estimate that 45% of the soybean acreage in the state has been impacted by moisture stress.