Despite the weather factor, USDA maintains high estimates of the Paraguayan soybean harvest
Soybean
Published Feb 20, 2024
Tridge summary
The USDA's February report has kept the soybean production estimates for Paraguay, Uruguay, Argentina, and the US unchanged from January, at 10.3 million, 2.9 million, 50 million, and 113.34 million tons respectively. However, Brazil's production is predicted to decrease by 1 million tons to 156 million, while Bolivia's production is expected to rise to 3.6 million tons from 3.4 million.
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
The USDA's February report indicates that Paraguay would close the 2023/2024 soybean campaign with a production of 10.3 million tons, the same value estimated in the January report of this year. At the regional level, the USDA also maintained the harvest estimate for Uruguay and Argentina with 2.9 and 50 million tons, respectively. For Brazil, a drop of 1 million tons would be estimated, since it would reach 156 million tons, while Bolivia's production increased to 3.6 million, compared to the 3.4 million ...
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