Adverse Weather in Paraguay Could Reduce Soybeans by 50%
Soybean farmers in Paraguay have experienced some of the worst weather in recent memory. Temperatures last week in Paraguay were extremely high in the range of 100-110°F and they received very little rainfall.
The soybeans in Paraguay have been filling pods under extremely adverse conditions. There are reports of yields as low as a few bushels per acre with some fields not even being harvested. The hot and dry conditions are forcing an early end to the soybean growth cycle and the soybeans are approximately 40-50% harvested. Yield losses are expected to be 50% or greater in most of southeastern Paraguay.
Farmers in Paraguay will try to recoup some of their losses by planting a second crop of soybeans, but many farmers will probably delay planting another crop of soybeans until there is improved soil moisture.
Paraguay did receive some rain over the weekend and there is more in the forecast. Any rain from this point forward would be beneficial for the planting of the safrinha soybeans and safrinha corn.
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