Mumbai, May 3 (Commodities Control): Heavy rains in Brazil's southern state of Rio Grande do Sul, pose a big threat to standing corn and soybean crops in the region. The situation remains critical and is likely to deteriorate further, making it extremely difficult to minimise crop loss.
Corn and soybean crops, which are in the midst of harvest, are facing undoubtedly tough conditions. Mostly mature, about 17% of corn and 40% of soybeans are still out in the fields through April 28, according to the most recent CONAB report. That is still a lot of the crop that is in danger from flood damage, delayed harvest, and quality concerns. Winter wheat and other small grain planting should also be starting up, but that will be on hold for the foreseeable future as well.
All this heavy rain comes after significant floods caused issues during the first half of the 2023-2024 growing season. Flooding was a regular topic of conversation as late as January. Portions of the corn and soybean crop were planted late or had to be replanted due to flood damage. Now, the end of their season is coming with the same issues.
According to the state governor Eduardo Leite, storms have caused the most extensive devastation in recent years.
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