Brazil INTL consultant Kory Melby says the corn and soybeans in Brazil are developing nicely. “I was in the Mato Grosso area two weeks ago and Brasilia this last week. There’s not a bad soybean field to be found. One soybean field is prettier than the next,” says Melby. “We are two to three weeks later than the norm, but the crop is outstanding for this time of the year.” Melby also says replanted crops look ok following drier conditions early on in planting. “The problem is those who replanted ran out of time for second crop corn. That’s probably the bigger dynamic at the moment. Spot corn prices are very high in Brazil for old crop,” explains Melby. “That’s stimulating acres for second crop. The irony there is many areas will be planted outside of the ideal window. April and May rains will be important to see this second corn crop through.”
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