Brazil’s Soybean Crop is Getting Bigger

Brazil’s soybean crop is getting bigger as harvest progresses. Soybean and Corn Advisor President Michael Cordonnier says the USDA numbers are on track. “Estimates have been increasing in recent weeks, because the previous dry weather in Brazil has been resolved. All across the country, soybean yields are coming in better than anticipated. They had a dry start, but rains have picked up.” Cordonnier estimates 20 percent of Brazil’s soybeans are harvested. “Mato Grosso is almost 50 percent harvested. In the last week, they harvested 17 percent of the soybeans. That’s a big harvest week. Normally, a good harvest week is 12 to 14 percent.” The rapid harvest pace is also allowing a more timely planting of Brazil’s second crop corn.