Hi everyone I already come back from my vacation...that's great. I will change direction for my blog to mainly focus on soybean that suitable for me the update blog.
By the way, yesterday USDA reported US soybean harvest at 94% complete compare to 89% week ago and 97% last year. The USDA attache show the Brazil soybean production will become near record 63.6 million tonnes. The benefit from El Nino rain was encourage farmer planting earlier. The Celeres reported Brazilian soybean producers planted 74% of the new crop by the weekend of Nov 20, up from 61% last week.
The state of Mato Grosso is the first state to plant which already plant 98% of its expected crop last week up from 87% from week ago and 88% last year.
The area of Goias and Mato Grosso de sul, No4 and 5 soybean producer state had planted 94% of new crop, up from 82% last week and 86% last year.
In Parana area had planted 83% of expected crop, up from 72% week ago and 78% year ago.
The third soy state Rio Grande do sul had planted 38%, up from 25% last week and 40% last year.
From early planting Brazil soybean will start harvest in late December to January in Mato Grosso and goes down in the South in May.
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