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Argentina Rain Well-Timed For Soy; Additional Rain This Week

Kansas City, March 2 (World Weather Inc.) – Rainfall was limited in a large section of Argentina outside portions of Cordoba during the past week. Aggressive drying was noted in the topsoil, though timely rain earlier in February helped improve development for the later-planted soybeans, corn, and other coarse grains and oilseeds. Precipitation in February helped limit significant production losses after a drier than normal environment in January. However, some of the earliest-planted crops likely saw production reduced due to the extended period of drier weather. Alternating periods of rain and sunshine are slated for much of crop country this week. Additional rain will continue to support relatively good late-season development, though the precipitation may be too late to improve conditions for the earliest-planted crops.

Brazil Harvest, Safrinha Corn Planting Will Persist Around Rain

Brazil’s soybean and first-season corn harvesting is ongoing, albeit at a slightly slower pace than the average of the previous five years. Yields are still expected to be favorable despite the sluggish harvesting in several areas. Safrinha corn planting is also ongoing in portions of Brazil. The main production areas have enough moisture to support relatively good establishment and early-season development, though there are still concerns that there may not be enough moisture to sustain ideal long-term growth. Brazil’s main production areas will see a mix of erratic rain and sunshine this week. Precipitation will be greatest in Mato Grosso, Goias, and Minas Gerais, though much of crop country will be slightly drier than usual for this time of year. Harvesting and safrinha corn planting will advance swiftly around the rain. However, the safrinha corn areas will not receive enough rain to support ideal long-term production potentials. The need for significant rain will remain high later this month.

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