Southern Brazil, particularly Rio Grande do Sul, is on track to achieve a record soybean harvest, anticipated to compensate for the crop failures in the country's center-west region due to drought. This significant increase in production, estimated at 68% more soybeans than the previous year, is expected to stabilize prices and moderate sales pace in Brazil, the world's leading producer and exporter of soybeans. Meanwhile, disparities in crop estimates between the USDA and Conab highlight a notable 13 million-tonne (513 mbu) difference in Brazil's total 2023/24 corn crop projections, the largest discrepancy for April in over a decade, with area assumptions playing a significant role. The USDA's estimate for soybeans is also 5.8% higher than Conab's, marking the most substantial difference in over ten years.
Brazil's Rio Grande do Sul is expected to break its soybean harvest record this season, offsetting losses in the drought-affected center-west region. The state will produce 68% more soybeans than last year, according to estimates. Read here: https://t.co/amZdffxEzL https://t.co/2PCS90FuRn
Brazil's Rio Grande do Sul is expected to break its soybean harvest record this season, offsetting losses in the drought-affected center-west region. The state will produce 68% more soybeans than last year, according to estimates https://t.co/UavNYpnOEa https://t.co/8mR0r3qlwy
A record soybean harvest in Brazil's Rio Grande do Sul is expected to offset losses in the drought-hit center west, keeping prices stable and slowing sales in the world's largest producer and exporter of the crop. Read here: https://t.co/amZdffycpj https://t.co/46SqtOswKd
A record soybean harvest in Brazil's Rio Grande do Sul is expected to offset losses in the drought-hit center west, keeping prices stable and slowing sales in the world's largest producer and exporter of the crop https://t.co/UavNYpnOEa https://t.co/1aucRVjoBu
🇧🇷USDA and Conab hold a 13 million-tonne (513 mbu) difference in #Brazil's total 2023/24 #corn crop, by far the largest seen in April in at least a decade. Area assumptions are a big factor. USDA's estimate for #soybeans is 5.8% above Conab, also the most in 10+ yrs. https://t.co/q9vaJAr3nD
Southern Brazil reaps record soy to offset center-west crop failure https://t.co/toxl75gi8d https://t.co/jwGoyQlFWT
Southern #Brazil reaps record soy to offset center-west crop failure https://t.co/xDoqbSCARX