Farmers are beginning to harvest soybeans in the largest soybean producing state in Brazil. Ideal weather should translate into strong yields in the state. But some northern parts of the country have received too much rain and the southern part of the country has been in drought.
The earlier-than-normal start to harvest should allow soybean exports to hit the global market earlier and compete with U.S. soybeans. Mato Grosso farmers expect to be done with harvest by Feb. 20. The early harvest also will allow farmers to plant safrinha corn within the ideal planting window.
