Warm and sunny

Another warm and sunny week in central Brazil.

I know many analysts are talking circa 78 mmt tons

for the total Brazil corn crop. The 2nd crop keeps

getting bigger. I kinda doubt it. It will be big but

not Mega big. Too much of the 2nd crop corn got planted

in late February and early March. The rains ended at

the normal time of mid April. The last corn to be planted

will not be much. It might be just a cover crop.

There is a corn plant but no cob.

I also am hesitant to rubber stamp the recent media

reference to a 1.2 million hectare increase in Brazil´s

planted area of soybeans for 2014. I really doubt that.

The last two years we have seen the surge in soybean area

for Brazil. It is time to stand pat and plateau for a bit.

The USA will likely plant copious amounts of soybeans

before this late season is done. The USA will likely produce

3.5 billion bushels of soybeans in 2013. Let us hope China

imports 69MMT of soy in 2014 or look out below.

INCRA recently released a parcel of land to a foreigner

group. We have been in a holding pattern with regards

to this tract for one year. A good sign and good news for

those interested in Brazil land.

Brazil land is still a bit pricey. Asking prices in sacs of

soybeans are still firm.

Thank you to all the newsletter renewals of late and

VIP clients that confide in me. Very much appreciated.