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Southern Cone

11/04/2018

Uruguayan farmers won't be able to take advantage of the 25% increase in soybeans

Low yields will barely be enough to deliver advances of commercialized grain.

Soybean field

The vast majority of local soy producers in Uruguay will not be able to take advantage of the good prices obtained for the oilseed for business that is consolidated at the beginning of the harvest. As a result of the major lack of rain throughout the summer, the slim anticipated profits will be sufficient to cover the businesses agreed upon a few months ago, at best, when a smaller percentage of production was reserved to cover productive costs, as usual.

First of all, the initial yields are "disappointing" and, secondly, the US $400 per ton offered by local businesses is not a solution because producers do not know whether the threshing report will generate any surplus after fulfilling the grain shipment that was  already committed.

Please note that this article was not originally written in this language.
This article is incomplete. Click here to read the full text from its original source, El Observador
Photo Credit: Alfonso (CC BY-SA 3.0)

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