Weather: After having faced the worst extended “extreme drought” in 50 years, we faced torrential rains… from one extreme to the other as you can see.

The good news is that the level of the river Tebicuary rose significantly and that we are again authorized to pump water. It is key for us as we need almost 3 months to fulfil our artificial lake of 480 ha. Given the extreme drought faced earlier, a commission of the Congress has been mandate to evaluate the incidence of farming activates on the flow and water level of rivers. Likely, we have to anticipate more regulation which will force all crops producers to raise their environmental standards. However, we hope that those measures will remain pragmatic.

Soybean: Among the 1,100 sowed, 350 ha have been harvested with a yield of 0.4 t/ha. Further 300 ha have to be abandoned as they have been burned. This is a direct consequence of the drought. As for the 400 ha remaining, our expectations are low given the strong storms and flood registered in the farm.

Our case is by far not isolated: at this stage of the harvest, national soybean yields are around 1.1t/ha with regions like ours where the average yields is between 300 and 500 kg/ha (see Article from APS dated 01/03/22). The positive news is that soybean price quote above $640/t.