Unusually hot and dry weather in Mato Grosso has caught traders’ attention.
October weather in North Mato Grosso BrazilIn Brazil’s southern state of Parana, October rainfall totaled around 350 mm (13.8 inches), the most for any month in at least 25 years.
It is unhelpful in this analysis that there have not been many stronger El Ninos in recent years for comparison.
Soy yield was 13% below trend that year, but otherwise, soy yields rarely miss in Mato Grosso, making it difficult to detect an impending disaster.
In the south, Parana’s rainiest soy-growing seasons have most often coincided with El Ninos, but actual yield outcomes are mixed.
Persons:
El Nino, Mato Grosso’s, Mato, La Nina, El, Karen Braun, Rod Nickel
Organizations:
Mato Grosso, Farmers, El Ninos, El Nino, Iowa, La, El, Reuters, Thomson
Locations:
Primavera, Mato, NAPERVILLE , Illinois, Brazil, Mato Grosso, North Mato, Brazil’s, Parana, U.S, Southern, Argentina