Brazil Could Have Record Soy Crop In 2010
Brazil could have a record soybean crop in 2010 if weather conditions are favourable. Plantings are expected to increase 3-5% from last season, principally at the expense of corn and cotton, analysts say.
That could bring in a crop in excess of 60 million tonnes, and might reach around 62 million with decent growing conditions.
The 2008/09 crop finally came in at 57.1 million tonnes, according to CONAB, after early season hopes of matching 2007/08's 60 million tonne crop faded due to drought in the south.
Plantings this season are expected to reach around 22 million hectares, not quite a record but final production could beat 2007/08's record output of 61 million tonnes, according to some.
Many Brazilian farmers sold their crop early this year, cashing in on high prices and are financially well-placed to fund the inputs required to maximise yields for 2010.
That could bring in a crop in excess of 60 million tonnes, and might reach around 62 million with decent growing conditions.
The 2008/09 crop finally came in at 57.1 million tonnes, according to CONAB, after early season hopes of matching 2007/08's 60 million tonne crop faded due to drought in the south.
Plantings this season are expected to reach around 22 million hectares, not quite a record but final production could beat 2007/08's record output of 61 million tonnes, according to some.
Many Brazilian farmers sold their crop early this year, cashing in on high prices and are financially well-placed to fund the inputs required to maximise yields for 2010.