In the week ending Jan.18, northern and southern Brazil saw drought relief from rains, while the central region remained mostly dry, unfavorable for crop development.
Early corn yields in southern Brazil remain below expectations due the ongoing drought. Around 6 percent of the first corn crop has been harvested, and less than 1 percent of sanfrinha corn has been planted.
Brazil’s 2021/22 soybean is just over 1 percent harvested, up slightly YOY. In Mato Grosso, both early corn and soybean harvests have been slowed by overly saturated fields.
Looking at Argentina, 2021/22 corn was about 86 percent planted, down 5 percent from last year, with some 2.5 million acres (1.0 million hectares) left to plant.
Argentina’s soybeans stood at some 93 percent planted, down 5 percent YOY. Soybean planting is almost finished in southern Argentina but is just 50 percent planted in the north.
One-week South American precipitation outlook (millimeters)
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