Hungary: The Brazilians also realized, our soy and corn will be in trouble

Published 2023년 10월 23일

Tridge summary

More and more farmers in Hungary and Europe are choosing to grow soy instead of corn due to its profitability and marketability. Brazil has also seen an increase in soy production due to favorable weather conditions, with expectations of a 4.5% increase in the total harvest. Brazilian exporters are offering competitive prices and have become the main source of soybeans for China and Hungarian feed manufacturers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the last year or so, many Hungarian and European farmers have been calculating the profitability, crop security and marketability of soy and corn. The dilemma is more and more often decided in favor of soy - this is what happened recently, when the sowing plans were drawn up in Brazil as well. Brazilian farms compared the profitability of corn with that of soybeans, and the latter won, leaving corn as the second seed. And the peak of this supply coincides with the harvest time in the northern hemisphere - that is, there will be an abundance of supply just when we are harvesting here as well. By the way, in Brazil, the producers sowed a record area of soybeans this year, which is partly due to the ideal weather. The production area of the plant is expected to reach 45.4 million hectares, which is an increase of almost 4 percent compared to the previous season. Since the production conditions may be better than last year in all respects (weather, input prices), experts expect a ...
Source: Agraragazat

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