Feb 10, 2022

Soy in Mato Grosso 46% Harvested, Safrinha Corn 42% Planted

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

The soybeans in Mato Grosso were 46.6% harvested as of late last week compared to 11.2% last year and 33.6% average according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an advance of 14.8% for the week. The most advanced harvest is in western Mato Grosso where 62% of the soybeans have been harvested. The slowest harvest pace is in the center-south where 26% of the soybeans have been harvested.

Mato Grosso is the largest soybean producing state in Brazil and Imea is now estimating that the state will produce 39.4 million tons of soybeans which would be a new record and 9.5% more than last year. Statewide soybean yields are estimated at 60.2 sacks per hectare (53.8 bu/ac) which is 4.9% higher than last year and the soybean acreage is estimated to be up 4.5% compared to last year.

As soon as the soybeans are harvested, farmers are planting their safrinha corn which was 42% planted as of late last week compared to 8% last year and 28% average. Imea estimates that 94% of the safrinha corn will be planted within the ideal planting window which will close about the third week of February. If the corn is planted after that date, there is a risk the crop will run out of moisture before it matures. The forecast is calling for above normal rainfall during March, April, and May which would benefit the safrinha corn.

The safrinha corn production in Mato Grosso is estimated at 40.4 million tons, which is up 24% compared to last year's crop which was negatively impacted by late planting and dry weather. The safrinha corn acreage is estimated at 6.28 million hectares (15.5 million acres), which is up 7.4% compared to last year.