South America Calling

With a large portion of the soybean harvest complete, farmers in Paraguay are celebrating what they believe will be a record harvest.

While farmers in Argentina and parts of southern Brazil suffered from dry weather, the principle Paraguayan growing regions got decent showers in January.

As a result, this week the Paraguayan soy exporters association reaffirmed its forecast for a record crop of 8.5 million metric tons (mmt), nearly double last year's drought-hit output.

Much of Paraguay's soy is produced along the borders with the Brazilian states of Parana and Mato Grosso do Sul.

Just as in these regions of Brazil, crops escaped not only the dry weather in the south but also the excessively wet weather in Mato Grosso.

A large Paraguayan crop partially offset losses in Argentina.

(AG)

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