Checking in on the Competition: update on Brazilian agriculture

Despite a delay in planting, Brazil’s second corn crop reached 98 percent of the estimated area for the center-south of the country.

Corn planting delays were caused by the slowest soybean harvest in ten years. The crop did better than expected, which was estimated to produce 80 million tons.

Meanwhile, Brazilian soybean farmers have finished harvesting 71 percent of the crop.

Dry weather in many soybean-producing states helped accelerate the work. Brazil is estimated to harvest a record 133 million metric tons of soybeans from the 2020-2021 season.

Related:

Brazil’s harvest is delayed, China buys 45 million bushels of U.S. sorghum