2010/ #3 Dec 6th, 2010

Sales & Crop 01

2010/11
Brazilian Soybean Newsletter

Brazil’s new soy crop 38% sold as of Nov 30

Brazil Soybean Sales Brazil’s upcoming soy-
bean crop was 38% sold as of Nov
30, according to a survey conduct-
ed by AgRural. Sales were at 32%
one month before and at 21% in
November 2009. Among the top
producers, Mato Grosso, the num-
ber 1 soy-growing state in Brazil,
had 54% of its estimated produc-
tion already sold, compared to
last month’s 43% and last year’s
37%. Sales were more robust in
the first days of the month, when
prices were above US$ 13/bu in
Chicago. In the other main produc-
ers, sales lost momentum in No-
vember, but are ahead of last year’s
numbers. AgRural estimates Bra-
zilian soy production at 69.4 mil-
lion tons, below last month’s 69.8
million tons due to a minor adjust-
ment in Rio Grande do Sul’s yield.
Weather: As forecasted,
Paraná received heavy rains over
the weekend. Rio Grande do Sul,
which is in need of more moisture,
AGRURAL *2009/10 crop. Production in million tons. also had some good amounts on
Change in percentage points. Totals may not add due to rounding. Saturday, and more is on the way.
Brazil AgRural Crop Estimate

AGRURAL *Conab for 2009/10. Area in million acres, yield in bushels per acre, and production in million tons.
Protected by copyright. AgRural Commodities Agrícolas - www.AgRural.com.br / AgTraderTalk - agtradertalk.com
By Fernando Muraro Jr., Arielly Farias, Daniele Siqueira, and Rodrigo Nunes
 2010/ #3 Dec 6th, 2010

Sales & Crop 02

WEATHER
Brazilian Soybean Newsletter

Dec 4 Total Precipitation Dec 5 Total Precipitation

2.4 2.4
1.8 1.8
1.4 1.4
1.0 1.0
0.8 0.8
0.6 0.6
0.4 0.4
0.2 0.2
0.1 0.1
0.04 0.04
0.00 0.00
no no
data data
SOMAR/AGRURAL Inches. (Dec 3 12 UTC-Dec 4 12 UTC.) SOMAR/AGRURAL Inches. (Dec 4 12 UTC-Dec 5 12 UTC.)
Dec 7-11 Precipitation Forecast Dec 12-16 Precipitation Forecast
5.1 5.1

3.9 3.9

2.8 2.8

2.0 2.0

1.2 1.2

0.6 0.6

0.2 0.2
0 0
SOMAR/AGRURAL Inches. SOMAR/AGRURAL Inches.
Cruz Alta (RS) Precipitation Forecast Sorriso (MT) Precipitation Forecast

06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
MON TUE WEDTHU FRI SAT SUN MON TUE WED THU FRI SAT SUN MON MON TUE WEDTHU FRI SAT SUN MON TUE WED THU FRI SAT SUN MON
SOMAR/AGRURAL mm (1 inch = 25.4 mm). SOMAR/AGRURAL mm (1 inch = 25.4 mm).
Brazilian Profitability In The 2010/11 Crop Main Producing States in Brazil

10

1 MT Mato Grosso (27%)

2 PR Paraná (21%)
1 6
3 RS Rio Grande do Sul (15%) 4
4 GO Goiás (11%) 7
5 MS Mato Grosso do Sul (8%) 5
6 BA Bahia (5%) 8
7 MG Minas Gerais (4%)
2
8 SP São Paulo (2%) 9
9 SC Santa Catarina (2%) 3
10 MA Maranhão (2%)
AGRURAL Paraná (Cascavel), Goiás (Rio Verde), Mato Grosso (Sorriso).
*Based on variable cost. CONAB/AGRURAL 2009/10 crop.
Protected by copyright. AgRural Commodities Agrícolas - www.AgRural.com.br / AgTraderTalk - agtradertalk.com
By Fernando Muraro Jr. and Daniele Siqueira