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Tidbits, Brazil Crops, Rain Days Update 10/15/23

Brazil Crop Progress

Dr. Michael Cordonnier earned a Ph.D. in agronomy from Michigan State University and has been involved in global crop production for more than 45 years. His experience in South America started in the early 1970’s when he conducted agricultural research in Mato Grosso, Brazil. He has been a keen observer of the development of the soybean industry in South America over the last 45 years. Dr. Cordonnier travels regularly to Brazil, Argentina, and Paraguay to inspect the soybean and corn crops. During the U.S. growing season, he travels extensively throughout the Midwest analyzing crop conditions and making weekly crop production estimates. When Dr. Cordonnier talks about South American crops, market people listen.

Below are his comments about the crop progress in the key crop production states of Brazil where the northern growing area usually receive less than normal rainfall during an El Niño

episode whereas the southern states receive more than normal rainfall during an El Niño. Note the central area of Brazil grows far more soybeans and corn than the southern area. Mato Grosso alone grows more than 30% of Brazil’s corn and beans. Late planted beans mean the second crop corn will be planted later which means a higher percentage of the crop will run out of water in May when the dry season starts. The later the beans get planted, the more bullish it is for corn. Here is a map of the states so you can follow Dr. Cordonnier’s comments as well as learn more about your #1 competitor in the world marketplace:

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