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Withering crops highlight La Niña fears for Brazil soy farmers

Withering crops highlight La Niña fears for Brazil soy farmers
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Withering Crops Highlight La Nina Fears for Brazil Soy Farmers

(Bloomberg) The impact of the La Nina weather pattern that’s expected to roil global food markets in coming months is already showing up in parts of Brazil, the world’s biggest soybean exporter.

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Frosts reported in Brazil s sugarcane, coffee and corn areas

Frosts reported in Brazil s sugarcane, coffee and corn areas
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Sequía en Brasil pone en riesgo oferta mundial de naranjas y café

Sequía en Brasil pone en riesgo oferta mundial de naranjas y café
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Drought hits Brazil corn; feed costs could squeeze meatpacker margins

5/12/2021 By Nayara Figueiredo and Roberto Samora SAO PAULO, May 12 (Reuters) - Dry weather and poorly timed planting are weighing on Brazil s second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought. Soaring prices convinced Brazilian farmers to plant their second corn crop outside the ideal climate window this year. But the crop was hit by the country s worst drought in five years, reducing yields. Given surging demand in global grains markets, a corn shortage could squeeze profit margins in Brazil for some of the world s biggest protein producers, including JBS SA and BRF SA.

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