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Brazil’s Mato Grosso Early Soybean Harvest Lower Than Expected

Feb. 18 (Bloomberg) -- Farmers in Brazil’s Mato Grosso state gathered fewer soybeans than expected from the first 10 percent of the area harvested, researcher Instituto Mato-Grossense de Economia Agropecuaria forecast.

Production was an estimated 2.37 million metric tons from about 790,000 hectares (1.95 million acres) cut, compared with an estimate for 2.41 million tons based on expected average yields, Cuiaba, Brazil-based IMEA wrote in an online report. Mato Grosso is the country’s largest soybean producer.

Adverse weather in parts of the state, particularly in the west, hampered plant development and lowered productivity, while excess moisture for early soybeans resulted in reduced quality due to damaged beans, according to IMEA.

“The continuation of the rains could result in more losses from the state, mainly due to a lack of uniformity of the grain and damage,” the researcher wrote.

Productivity for this season’s later-cycle soybeans tends to compensate for early harvest losses, IMEA said, citing agents.

Based on the smaller-than-expected early harvest, Mato Grosso’s total soybean production may turn out to be 24.09 million tons, compared with a previous estimate of 24.13 million tons, IMEA wrote.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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