Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report The report focuses on the current growth situation of soybeans and corn in Brazil and Argentina, as well as their future two - week weather forecasts and potential impacts on the market. The sowing progress of soybeans and corn in both countries is compared with previous years and multi - year averages, and the future precipitation and temperature changes are analyzed [9][10][14][15]. 3) Summary by Related Catalogs Soybean Growth and Weather - As of November 18, 2025, the sowing progress of Brazil's 2025/26 soybean was 69%, lower than 73.8% in the same period last year, 58.4% the previous week, and the five - year average of 67.2% [9]. - As of November 20, 2025, the sowing progress of Argentina's 2025/26 soybean was 24.6%, compared with 12.6% the previous week, 35.6% in the same period last year, and the five - year average of 27.6% [9]. - Brazil's rainy season is gradually returning. In the next two weeks, precipitation will be slightly less than the same period, and unevenly distributed. Precipitation in the central - western region is normal to less, while that in the eastern and northern regions is more obvious [10]. - Argentina had good soil moisture in the early stage. In the next two weeks, precipitation will be less. Dry weather is conducive to sowing, but continuous drought should be watched out for [10]. Corn Growth and Weather - As of November 15, 2025, the sowing of Brazil's first - season corn was 52.6% completed, compared with 52.4% in the same period last year, 47.7% the previous week, and the five - year average of 53% [14]. - As of November 20, 2025, the sowing progress of Argentina's 2025/26 corn was 37.3%, compared with 36.7% last week and 49.94% in the same period last year [14]. - Similar to soybeans, Brazil's rainy season is gradually returning. In the next two weeks, precipitation will be slightly less than the same period and unevenly distributed. Argentina's precipitation will be less in the next two weeks, and continuous drought should be watched out for [15]. Specific Precipitation and Temperature Data - There are detailed charts showing the precipitation and temperature changes in the soybean and corn producing areas of Brazil and Argentina in the next two weeks, including the comparison of forecast precipitation with normal values and the departure of forecast daily - mean temperature from normal values [5][8][11][13]
南美大豆,玉米主产区天气展望
Guo Tai Jun An Qi Huo·2025-11-21 14:01