Temperatures across most of Brazil’s major production regions soared late last week into the upper 90s°F. The producer there referenced in the 28 December analysis (see Brazil’s Soybean Production Falling), who indicated then that he thought production estimates would drop to 110 MMT due to the erratic rainfall and hot, dry conditions during the month, now believes the total could fall as low as 100 MMT. (Rainfall anomaly maps published here several times during January substantiate that rainfall totals throughout most of Brazil continued to be less than half of normal.) Many Brazilian farmers planted shorter-maturing soybean varieties, which got an early start under good conditions. The dryness, though, has curtailed the ma...

TAGS – Soy & Oilseeds, China, North America, South America