Brazil and the U.S. will harvest a record soybean crop due to favorable weather

Weather conditions in Brazil contribute to the planting of soybeans and development of crops. The sowing campaign will be completed in optimal time, as the pace of sowing this year was a record and exceeded 89% in 2017 and 78% on average for 5 years.

Thanks to an early crop harvest will start record early, next month. Experts expect a significant harvest of beans, but the rains during harvest can slow down the pace of work and cause damage to plants. In case of good weather from mid-January Brazil activates shipment of soybean a new crop for export.

Dimensions again increased the forecasts of soybean production in Brazil to 2018/19 Mr. So, experts Agroconsult increased its estimate of the crop to 123-129 million tons, experts SAFRAS & Mercado – to 122,22 million tons

a Record harvest will increase pressure on prices of oilseeds. Despite the decline in IGS forecast for global soybean production by reducing harvest in the United States by 2 million tons to 367 million tonnes, it remains historically high and 8% more than last season.

World ending stocks of soybeans, according to experts IGS decreases by 3 million tonnes to 51 million tonnes, which is 28% exceeds the past record MG.

the Main producers of soybeans will also update the records of gross yield, although total world trade will decline.

In Argentina, the delay of sowing per week increased from 2% to 4.4%. As of 21 November soybeans planted 29.6% of the planned 17,9 million hectares. Powerful precipitation was detained by North and damaged some crops. However, the promise of further dry weather will accelerate North. Good soil moisture reserves will allow you to obtain a bountiful harvest, particularly in comparison with last year, which suffered from drought.

Argentina completes the sowing of sunflower, which as of November 21, seeded and 91.6% of the planned 1.9 million hectares.