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Ag News - MT |
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No Expansion of Planted Area
1 Aug 10 |
 Brazil's largest soybean producer (Group
Bom Futuro) plans to stand pat this year on soybean
planted area.
The
Brazilian Real is too strong.
No expansion of soybean area for 2011. Mato Grosso is
their focus area.
I am working on
the August
newsletter
part II. It will have updated soybean cash flows for
2011 as of July.
I plan
to send out the newsletter the first week of August.
Soybean prices for interior Mato Grosso for February
2011 delivery are at US$ 7.10 per bushel.
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Corn Price mato Grosso, Brazil
19 Jul 10 |
Here is a chart of
cash corn prices in Mato Grosso.
Even with recent 80
cent/bu rally in Chicago, the price of corn in Mato
Grosso did not budge.
Depending on location, cash corn ranges from US$ 2.00
per bushel to US$ 2.85.
No shortage of corn in Brazil.
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Corn & Soybean Update
16 Jul 10 |
I chatted with
commodity broker from
Sorriso, MT
Cash corn is US$ 2.05 per bushel.
Europe wants to buy Brazil corn now. Cheaper than USA. The
problem is getting the cheap corn to port. The government
has a freight auction system that subsidizes that.
Spot soybeans are US$ 8.50 per bushel
January bids for early 2011 crop are US$ 7.25 per bushel
February delivery is at US$ 6.60 per bushel
Freight from elevator to port is about US$ 100 per metric
ton.
We need to add US$ 2.70 per bushel to get the port price.
*
all quotes are
central Mato Grosso (1200 mi / 1,920 km to port)
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14 Jun 10 |
OECD- FAO Agricultural Outlook 2010-2019 |
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The
15 June report of agricultural trends over the next 10 years
predicts the rapid growth of Brazilian Agriculture.
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Brazil
will have by far the fastest growth of agricultural
production worldwide in the next ten years, exceeding
40%; twice the world average.
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Developing countries in general, are raising
agricultural production and displacing traditional
exporters.
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The supremacy of the
Brazilian sugar industry should be confirmed.
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CLICK HERE |
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24 May 10 |
Mato Grosso commemorates 30 yrs
commercial soybean production in 2010 |
In 1980 Mato Grosso produced
117,000 tons
In 2010 Mato Grosso produced 18,750,000 tons
Some predict by 2020 Mato Grosso will produce 27,000,000 tons.
A lot has happened in 30 years.
Mato Grosso crushes 10 to 11 million tons of soybeans inside the
state.
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3 May 10 |
On Tour in Mato Grosso |
Click on image to enlarge |
A broker in Sorriso
sent me these photos. They are from west of
Sorriso.
Photos show the dry conditions and stressed pollination.
I was in
Campo
Verde on Monday. Corn looks good. They estimate maybe 20% drop
in yields from last year
which were very high. Instead of 100 sacs maybe 80 sacs farm
average this year. Not the end of the world,
Scattered showers as I drove North Monday.
Sorriso remains dry and corn yields very much a concern.
Interesting tidbit from farm I visited Monday. The last soybeans on
sandy ground did not yield to potential. I saw this back in March.
They looked like 35-40 bushel beans. Farm manager said they will
make 45. I said BS.
In the end these last beans lowered the farm average. The last beans
were only 35 bushel.
I think Brazil soybean production over stated.
Corn production will also be lowered because of the lack of rain the
last 30 days.
Primavera do Leste is very, very dry. Corn losses will be
significant.
4 May
- Nova Mutum - showers, cool and pleasant morning.
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