Tridge summary
The USDA's April report has revised downward its global soybean production estimate for 2022/23 by 5.5 million tons, largely due to a decrease in production forecasts for Argentina. However, Brazil's production forecasts have been increased by 1 million tons. The report has also revised upwards its rapeseed and sunflower production estimates by 860,000 tons and 150,000 tons respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In its April report, the United States Department of Agriculture (USDA) has revised downward by 5.5 million tons its estimate for world soybean production in 2022/23, which stands at 369.6 million tons. tons. This drop is mainly due to the decrease registered in Argentina, with 27 million tons, 6 million tons less than in the March report. However, in Brazil it has increased its forecasts by 1 million tons, which would result in 154 million tons. Regarding rapeseed, the USDA's April report revised its production estimate upwards by 860,000 tons, placing ...
Source: Agropopular
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