News

Brazil’s Abiove cuts 2024 soybean output estimate for second time this month

Soybean
Grains, Cereal & Legumes
Brazil
Market & Price Trends
Published Mar 1, 2024

Tridge summary

Abiove, the association representing global grain traders and crushers in Brazil, has revised its estimate for the country's 2024 soybean output for the second time in March. The new forecast is 153.8 million metric tons, a decrease from the 156.1 million metric tons predicted in February and the 159 million tons produced in 2023.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Abiove has cut its estimate for Brazil’s 2024 soybean output for the second time this month, the association representing global grain traders and crushers operating in Brazil said on Wednesday. Abiove now expects local farmers to produce 153.8 million metric tons of soybean, down from the 156.1 million it forecast in February and ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.