02/19/25 Afternoon CommStock Report – It Costs $519 Per Acre To Plant Soybeans In Mato Grosso

As we suggested in previous reports, soybean harvest progress in Brazil has accelerated to where it has now caught up to the historical average as precipitation levels, particularly in the Center West region have moderated the last 10 days and will continue to do so for several more days. This has allowed the harvest average to reach nearly 30% overall to start the week, and will likely remain accelerated into the weekend. The state of Mato Grosso harvested 380 million bushels, or nearly 22% of its soybean crop last week alone!  Having reached the midway point already, they have the potential to do that again this week. With so much production hitting the market at one time, it will put tremendous strain on their transportation logistical system with freight prices skyrocketing some 70% in recent days.   Late February to the first week of March we see heavy precipitation coming back in force which will be needed to germinate the second crop of corn going in now. Much like their soybeans, their safrinha corn is now roughly 50% planted and we expect it to be close to 65% planted by this Friday. To do so, they will need to plant…