World Grain - November 2016 - 94

FEATURE

Good harvest expected in

South America
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buck as quickly as possible, we continue to hear chatter
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not the dominating weather event of the day and it is going to
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this summer, despite a few areas of dryness and some excessive moisture.
The look ahead is always unclear and everyone looking
to make money will do so on the slightest whim of potential
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extreme caution will be needed if playing off of that whim
because the odds are relatively high that production will be
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Weather fundamentals are only reinforcing this period of
mediocrity in market trade. The current corrective period
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proverbial tea leaves correctly. Weather patterns do not
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might not be enough to thwart the good production potential very far.
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lighter than usual. That drier tendency usually leaves a little
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94

by Drew Lerner

La Niña likely won't be enough to
significantly reduce output in Brazil
and other key production areas
Niña summer when rainfall is frequently abundant to excessive from center west to center south production areas.
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soil to become problematic later in the summer. That does not
mean a little dryness cannot or will not evolve during January
and February, but the odds of it festering into a full blown
drought-like problem is very low.
World Weather, Inc. does believe that some heavy rain will
fall during the planting of safrinha (second season) corn this
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of early soybeans and planting of second season corn could
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time to minimize the impact. Nevertheless, a period of concern is expected and there may be a little dryness in eastern
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same period of time. Without having dryness as an issue this
spring, the short term bout of dry weather expected this summer may not have nearly the impact that it would otherwise
have, and that is why World Weather, Inc. is not looking for a
serious impact from adverse weather.
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ly to support planting, emergence and establishment of many
summer crops. Mato Grosso reported its soybean planting was
advancing at a record pace and that may help get some of that
November 2016 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - November 2016

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