Brazil soybean planting starts early
As U.S. farmers work to harvest their 2013 corn and soybean crops, Brazilian farmers are busy planting their 2014 soybean crop.
In fact, soybean planting has started earlier this year in the center-west of Brazil, especially in the states of Mato Grosso and Mato Grosso do Sul. In an attempt to ensure themselves of a double-crop opportunity (mainly with cotton), several farmers have decided to give the soybean crop a better chance to finish on time.
However, Mother Nature may have something to say about early attempts to plant.
The bad news for Brazilian farmers right now is that precipitation is near 0.98 inches in some regions of Mato Grosso, which is low for a safe crop in the area.
Hallowing time finished on September 15 in the area. Hallowing is an initiative started by some farmers of the center-west of Brazil in order to avoid the risks of soybean rust, which later became law. They do it by not planting soybeans in an off-season period. Not obeying the hallowing can lead to penalties such as fines.
Compared to last year, planting is starting one week earlier. In the southern state of Paraná, the soybean planting might start this week because the wheat harvest has just finished after significant losses due to frost in the middle of the winter.
Looking ahead, the weather forecast in the next 15 days for Paraná, however, shows the precipitation level will be adequate for soybean planting, according to Brazil's National Institute of Metereology.
Rio Grande do Sul is the last state in Brazil to plant its oilseed because it finishes the wheat harvest in October or November.
For 2014, there are some early indicators as to how this year's soybean season will play out, according to Mr. Luiz Pacheco, a market analyst from Curitiba.
"Much like last year, we could be seeing confirmation of the same trend where Mato Grosso will gain more soybean area. But the state of Paraná will continue to offer more profit when it comes to the grain itself, the crush, and the oil. Everything else will depend on the weather," explained Pacheco.
Meanwhile, the latest National Supply Company report still did not predict the total soybean area for the 2013/2014 season. However, Agroconsult says that the area for the oilseed will grow 5.8% to 72.9 million acres.
Editor's Note: Luis Vieira is a freelance contributor from Porto Alegre, Brazil.