Heavy rainfall in Mato Grosso, Brazil has led to an emergency being declared.

31-Jan-2025 10:01 AM

Heavy rainfall in Mato Grosso, Brazil has led to an emergency being declared.
★ Soybean harvesting is ongoing in Brazil, but due to the rains, the harvest in Mato Grosso is only 4%, compared to 21% last year at this time.
★ The rainfall has also disrupted transportation, with trucks unable to load new shipments as those already loaded are stuck.
★ This delay in soybean harvesting is expected to affect the upcoming corn planting.
★ Brazil's soybean production is expected to reach 170 million tons, with a national harvest completion of 3.9%.
★ Corn production is estimated at 125 million tons, with planting at 2.2%, compared to 11% last year.