Emater: Soybean harvest in Rio Grande do Sul, Brazil is progressing slowly, only increasing month-on-month...

Golden Ten Futures, May 9, according to foreign media reports, the Brazilian state of Rio Grande do Sul Agriculture Agency (Emater) said on Thursday that the harvest of corn and soybeans in the flood-stricken areas of Brazil's Rio Grande do Sul is progressing slowly. According to preliminary data from Emater, local farmers may have harvested 85% of the corn, an increase of 2% from a week ago; while the soybean harvest rate was "at most" 78%, also an increase of 2% from the previous week. Emater plans to release the final harvest estimate of corn and soybeans for the past week around 4 pm local time.