I am headed to Mato Grosso on Friday.
There has been some news talk of the attack of the
caterpillars in some locals.
I am not too worried about the bugs. They can be
controlled. It might cost some extra money on a year
with thin cash flows, but I would not lose any sleep
Bahia and Parana have been on the cusp of too dry
of late. This is not a Def Con concern at this point.
Western Mato Grosso is also talking about limited stands
because of early germination issues. Maybe the possibility
of losing 1 or 2 bushel per acre potential. Again, not a
Def Con issue.
Two years ago, subscribers remember when I went to
Def Con 2 on the drought seriousness at the time.
I think we are still looking at a wicked big crop.
It all depends on if we plant 500,000 or 1 million ha
of double crop soy.
Thy Soy Cup Runneth Over.
The soybean crop is fine.
More later when on the road.