UPDATED: No Bull | Around the World
In last night’s original email, Brazil’s rainfall distribution chart had a formula error and I managed to flip flop Argentina’s corn and bean production numbers (in the full version).
Bad info drives me crazy so for that reason - here is an updated version. Thanks
Tripp was very pumped up for school today as he was Secretary for the Day (a special treat we purchased at the school’s dinner auction a few months back).
Previously, Tripp has moonlighted as Principal for the Day and Chef for the Day (aka the lunch lady’s assistant) but this year he wanted to be Ms. Linda so he could hand out report cards.
Poor Johnny Cash… it has been anchored just outside the Brazilian port of Paranagua for a full six weeks now, waiting to load 2.3 million bushels of soybeans - destined for China.
Earlier this week there were an estimated 490-million-bushels’ worth of bean vessels waiting to load off the coast of Brazil, but the lineup is on the decline as harvest is nearing 50% complete.
As Brazil’s soybean harvest continues to trail an average pace, so does Safrinha corn planting which is 64% complete according to Conab.
While heavy-hitter Mato Grosso has caught up with an average planting pace, southern states like Paraná remain dreadfully behind. Wet weather continues to delay soybean harvest which prevents second-crop corn from going in the ground.
26% of Paraná’s crop is planted leaving the majority of Safrinha hectares to be planted after the ideal planting window has closed.
For Mato Grosso, it is imperative planting is wrapped up by March so the crop receives ample moisture/reached a certain degree of maturity before the dry season begins in early April.
For the southern state of Paraná, it is a matter of growing degree days. The crop needs time to mature before an early frost can put a stop to its yielding potential.
Keep reading with a 7-day free trial
Subscribe to No Bull to keep reading this post and get 7 days of free access to the full post archives.