Three "tycoons", Brazil, China, and the US produce animal feed ingredients

United States
Market & Price Trends
Published Feb 21, 2024

Tridge summary

Brazil is set to become the world's largest soybean exporter in 2023, accounting for 55% of global exports, and has already surpassed Argentina as the top exporter of dry beans. The majority of these exports are destined for China. Meanwhile, China is predicted to lead in wheat production in 2023-2024, while the US is expected to top corn production. The US also leads in global sorghum production, primarily in Kansas, Texas, and Nebraska, with China being the largest market for American sorghum.
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

Source: Brazil is the world's largest soybean producer. Photo: 123rf Brazil Agricultural business consulting company Datagro Pecuaria (Brazil) forecasts that soybean production in the 2022 - 2023 crop year (from October 2022 - September 2023) will reach about 154.6 million tons, an increase of 19.2% compared to for the 2021 - 2022 crop year. According to Reuters, as of December 19, 2023, Brazil's soybean exports have exceeded the threshold of 100 million tons, an increase of at least 16% compared to 2021 - the century of soybean exports. continent of this country; At the same time, Brazil will become the world's largest soybean exporter in 2023, accounting for 55% of the world's exports. Datagro said that Brazil's soybean cultivation area currently reaches 43 million hectares, an increase of 3% compared to the previous crop year. This is the 16th consecutive year that Brazil has expanded its soybean growing area. With competitive price advantages, soybean exports ...
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