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South America rains to slow soybean, corn planting, report says

By Reuters News

SANTIAGO, Nov 11 (Reuters) - Widespread rains across South America in the second half of November will slow soybean and corn plantings in Argentina, Paraguay, and Brazil, an LSEG report showed on Wednesday.

An increasingly cool and wet weather pattern is expected to persist through month-end across the region, the report said.

  • Rainfall over the next 15 days is forecast to be 25-75 mm (1-3 inches) above normal across eastern Paraguay and the west of Argentina's Pampas region, slowing the remaining corn and soybean plantings, LSEG said

  • Cool temperatures across Argentina's Pampas are expected to persist through end of November, compounding planting delays

  • In Brazil, rainfall over the next 15 days is forecast to be 25-100 mm (1-4 inches) above the national average, which will likely also slow corn and soybean plantings, the LSEG said

  • The southern Brazilian state of Rio Grande do Sul, a key soybean-growing state, is due to receive the most rains

  • Temperatures across southern Brazil are forecast to be 2-5°C below normal in the 11-15 day period, adding further pressure on planting progress

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