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No big rains expected for dry areas of Brazil until end of year

A principal atmospheric scientist with Nutrien Ag Solutions says the dry conditions in Brazil are starting to show up in corn and soybean production estimates.

Eric Snodgrass says the northern part of Brazil has been extremely dry, which has caused CONAB and USDA to adjust expectations, because of acreage changes and planting delays.

Most of the Serato, located south of Mato Grosso, was planted an average two to four weeks late and some was planted six weeks late. As a result, that’s going to push harvest later and the second crop corn will be planted later. There are many immature beans across sections of Brazil.”

He says there is some rain in the forecast.

“Every long-range model wants to deliver rain to Brazil’s driest acres between December 21 and the end of the year.”

Snodgrass says if the rains don’t come, the outlook could worsen for Brazil’s crop production in the new year and move U.S. prices higher. He says Argentina is likely to have a better growing season than they’ve had previously, but their production won’t make up for the losses caused by Brazil’s drought.

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