Brazil, the world's top-ranked soybean exporter, is on track
to produce a record large crop.
Conab, the Brazilian crop agency, unveiled a 1.35m tonne
upgrade to its soybean harvest forecast, leaving prospects at a record 103.80m
tonnes, up 8.8% year-on-year.
The agency lifted its ideas for the crop based on good
climate conditions, which will see yields bounce back after a disappointing harvest
in the previous season.
Rising planted area
The area devoted to soybeans was up 1.6% compared to the
previous harvest, Conab said.
According to Conab, Brazilian farmers increased planting and
the use of agricultural inputs after a disappointing harvest in the previous
The country's corn crop will also benefit, as Conab revised
its forecast up 700,000 tonnes, to 84.5m tonnes.
In Mato Grosso, the top growing state, Conab reports that
the timing of rains "allowed the farmers to work within the ideal window of the
"With this, the attentions turn to the development of the crop,
for which conditions are excellent," Conab said.
In Mato Grosso, yields are expected to rise by 10.3% year on
year, with planted area up 1.3%.
"The increase in planted area and the recovery of
productivity are expected to deliver record production of 29m tonnes, exceeding
by 12% the 26 million tonne seen for the last harvest".
Parana crop avoids
Soybean plantings in Parana were seen down 3.8% year on
But thanks to much needed rains in December, conditions are excellent,
A cold spell in December did no major damage, given the
stage of development soybeans were at, Conab said.