Apr 12, 2022

2021/22 Brazil Soybeans 85% Harvested

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

The Brazil soybeans were approximately 85% harvested as of late last week compared to 85% last year. This represents an advance of 5% for the week. Far southern Brazil and northeastern Brazil are the only two areas left to harvest.

Rio Grande do Sul - The soybeans in Rio Grande do Sul were 34% harvested as of late last week compared to 40% last year and 58% average according to Emater. This represents an advance of 15 points for the week. Recent wet weather has slowed the harvest and resulted in high seed moisture. There were addition rains over the weekend and more rain is in the forecast.

In the municipality of Santo Angelo in northwestern Rio Grande do Sul, farmers have harvested 15% of their soybeans and the yields range from 3 to 6 sacks per hectare (2.6 to 5.3 bu/ac). The region suffered an extreme drought since last September which got even worse in January when the state recorded record high temperatures. In addition to low yields, the quality of the soybeans is very poor.

Parana - The soybeans in Parana were 88% harvested as of late last week. This represents an advance of 5% for the week.

Bahia - The soybean harvest in Bahia is essentially complete and according to Soybean and Corn Producers Association of Bahia (Aprosoja/BA), the average 2021/22 soybean yield in the state is approximately 65 sacks per hectare (58 bu/ac), which is down 2 bu/ac from last year's record yield of 67 bu/ac (59.8 bu/ac).

Farmers in Bahia made a hefty profit this growing season, but they are worried about the high cost of inputs for the 2022/23 growing season. Many farmers in the state have indicated that they will reduce their fertilizer applications for the next soybean crop.

In their April Crop Report released on Thursday, April 7, Conab trimmed their estimate of the 2021/22 Brazil soybean crop by 0.33 million tons to 122.43 million. The 2021/22 Brazil soybean acreage is estimated at 40.8 million hectares (100.7 million acres) and the yield is estimated at 3,000 kg/ha (44.7 bu/ac), which is down 0.2 bu/ac from the prior month. The soybean production is down 11.4% or 15.7 million tons from last year's production of 138.1 million tons.

In the April WASDE Report, the 2021/22 Brazil soybean estimate was lowered 2.0 million tons to 125.0 million.