I am back at headquarters after a 10 day loop in Mato Grosso.
I have never seen such extremes in the soybean crop at this time of year.
One side of the road was just planted and the other side was 40 days old.
Two major concerns by producers this season. Below optimum germination and also
short soybeans. The bottom pods will likely be lying on the ground. It makes harvest difficult and
slow. With the 3-4 week delay in planting, many of the soybean totes were stored in sheds with
no ventilation. The temps inside these sheds rose to 120 deg F at times. Many producers blame
light stands on a drop in germination vigor because of this.
Abiove has lowered their crop size estimate for Brazil. I think IMEA will be next to drop
the size of the Mato Grosso crop. I think we are looking at a crop size the same as last year.
Talk of planting marginal land back in to pasture is picking up. Cattle are gold on 4 legs.
Soybeans are not gold at the moment. Back in the black yes, but not gold.
Above is a you tube video of the beginning phase of the Fiagril/USA joint venture
corn ethanol mill in Lucas do Rio Verde.
Clients and subscribers have been updated on almost a daily basis while I have been on
tour. Newsletters and VIP consult retainers are available on my site via Pay Pal or USA
bank wire upon request.
http://www.brazilintl.com/states/matogrosso/korymelby/kory_newsletter/km_newletter.htm
http://www.brazilintl.com/states/matogrosso/korymelby/kory-cs/km-cs.htm
Retainers and subscriptions will go up in 2015. 7-10% to compensate for inflation.
For anyone interested, I will hold the 2014 price for you for a few more weeks.
New subscribers only
Many tours being planned for early 2015. Crop tours, Ag biz and 2nd crop
corn will be high on the interest list. Limited space available.
Drop me a note for more info.
Rains for the most part are normalizing. Next 5 days look wet.
However, the last 5 days in Goiania were supposed to be wet, and
we have not received a drop.
Regards,
Kory
