Brazil Soy Crops to Benefit From Rains in South

Brazilian soybean crops will benefit from rains in the country’s Southern states this month after dry weather in November, said a forecaster for Somar Metereologia.

More than 100 millimeters of rain fell in the West of Santa Catarina and the West of Parana in the first five days of December, Paulo Etchichury said in report sent by e-mail today. The southern Brazilian states of Parana, Santa Catarina and Rio Grande do Sul account for 37 percent of Brazil’s soybean output.

A cold weather front in the first part of December in the Southeast region and dampness in the Amazon rainforest will lead to rains in the Southeast, Center West and Northeast, favoring the development of other summer crops, according to Somar.

The South of Rio Grande do Sul still lacks rains due to the La Nina weather pattern, which may make dryness even worse next week, according to Etchichury. La Nina is a global weather pattern caused by cooling equatorial waters in the Pacific Ocean that leads to dry weather.

Soybean growers in Brazil, the world’s largest producer after the U.S., will reap between 67.7 million and 69 million tons in the season that starts in January, compared with 68.7 million tons this year, the Agriculture Ministry’s crop forecasting agency said on Nov. 10.

To contact the reporter on this story: Katia Cortes in Brasilia at at kcortes@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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