Lack of sun in southern Brazil soy states hurts yields

Wet, cloudy weather is dragging down soybean yields in Brazil’s second largest soybean producing state of Parana, local farmers. Brazil is coming off a record 2016/17 soybean harvest of 114 million mt that was aided by near perfect weather nationally. However, after irregular rains delayed the start of planting of the current crop in late 2017, most forecasts projected a drop in yields for the 2017/18 harvest. In Parana, which last year produced 18 million mt of beans, or 16% of the total crop, overcast skies and heavy rain have set in since the New Year.