FILE PHOTO: Soybeans are seen at a storage facility in Carlos Casares, Argentina, April 16, 2018. Picture taken April 16, 2018. REUTERS / Agustin Marcarian
By Roberto Samora and Gabriel Araujo
SAO PAULO, Jan 6 (Reuters) – Brazil’s soybean harvest in the 2021/22 season would not be a record, agribusiness consultancy AgRural said on Thursday, as hot and dry weather in southern states lowered its forecast by 11 million tons.
AgRural now sees Brazil’s harvest at 133.4 million tonnes, up from the previous forecast of 144.7 million tonnes. Brazil’s latest crop cycle produced a record 137.3 million tonnes of soybeans, the firm said.
The outlook adds to growing signs that the La Niña could leave a large swath of South America too dry to reach its potential grain production this year.
Earlier this week, consultancy StoneX also said it no longer expects Brazil to get a record soybean crop, cutting its estimated production to 134 million tonnes.
“The drought and high temperatures observed in southern Brazil and southern Mato Grosso do Sul state since the beginning of November have strongly affected the 2021/22 soybean harvest,” AgRural said in a statement.
The consultancy expects Brazil’s average soybean yield to fall to its lowest level since 2015/16 at 54.8 bags per hectare.
The southern state of Paraná, one of Brazil’s main soybean states, has been the hardest hit, AgRural said, adding that it has also cut its production projections for the states of Rio Grande do Sul, Santa Catarina and Mato Grosso do Sul. .
(Reporting by Roberto Samora and Gabriel Araujo; Edited in Spanish by Javier Leira)