\nPorto Alegre, August 25, 2020 \u2013 Pro\nFarmer\u2019s traditional Crop Tour took place last week in the United States,\ncentering the market\u2019s attention. The tour, which collects samples in several\nsoybean- and corn-growing states, checking crop conditions and making estimates\nfor yield and production, was highly expected this season due to the climatic\nevent that hit some U.S. states in the second week of August. The main doubt\nthis year was about Iowa, the state most affected by an atypical wind storm that\nbrought the destruction of properties and problems to some plantations. However,\naccording to the Crop Tour, Iowa\u2019s crop problems were not as extensive. Moreover,\nanother conclusion was that\nmost crops in the main growing states have extremely favorable conditions. Such\nfacts led Pro Farmer to estimate great yields and a huge U.S. production in the\n2020\/21 season.<\/p>\n\n\n\n
According to Pro Farmer, the U.S. soybean\ncrop must hit 4.362 billion bushels in 2020, or 118.71 million tons, with an\naverage yield of 52.5 bushels per acre (3,531 kilograms per\nhectare). Production and yield were slightly below those estimated by USDA in\nits most recent report, which brought figures of 120.43 million tons and 3,584 kilograms per\nhectare, respectively. Figures lower than those from USDA were already expected\nby the market, as there was not enough time for the Department to address the\nproblems arising from the weather event in its August report. Anyway, the\nproduction estimated by Pro Farmer is still very relevant, while the average\nexpected yield is the highest in U.S. history. Moreover, the entity estimates a\nmargin of error of 2%, up or down, which can take the U.S. production to more\nthan 121 million tons.<\/p>\n\n\n\n
The attention of the market now turns to\nthe next USDA report, which will be released on September 11. The weather in the\ngrowing belt is still an important factor for the coming few weeks, as the\nharvest begins in September. In any case, a new super crop in the United States\nis already practically consolidated.<\/p>\n\n\n\n
Copyright 2020 – SAFRAS Latam<\/p>\n","protected":false},"excerpt":{"rendered":"
Porto Alegre, August 25, 2020 \u2013 Pro Farmer\u2019s traditional Crop Tour took place last week in the United States, centering the market\u2019s attention. The tour, which collects samples in several soybean- and corn-growing states, checking crop conditions and making estimates for yield and production, was highly expected this season due to the climatic event […]<\/p>\n","protected":false},"author":6,"featured_media":10093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102],"tags":[],"commodity":[],"class_list":["post-18499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-en"],"acf":[],"yoast_head":"\n