USDA forecasts Brazil's soybean crop at 153 million tons for 2022/23

Soybean

Brazil

Published Mar 4, 2023

Tridge summary

Soybean production in Brazil is expected to reach 153 million tons in the 2022/2023 marketing year (February 2023 to January 2024), compared to 126.60 million tons in the previous period. The information is from the Gain Report, from the United States Department of Agriculture (USDA). The sown area should increase from 40.9 million to 43.3 million hectares.

According to the attaché, in conversations with producers throughout the state of Mato Grosso, they noted that they are seeing better yields than expected.

Soybean exports are expected to total 97 million tons in the 2022/23 season, compared to 77 million tons in the previous commercial year. Domestic consumption was forecast at 55.1 million tons for 2022/23, compared to 51.25 million tons in the previous season.

Original content

Soybean production in Brazil is expected to reach 153 million tons in the 2022/2023 marketing year (February 2023 to January 2024), compared to 126.60 million tons in the previous period. The information is from the Gain Report, from the United States Department of Agriculture (USDA). The sown area should increase from 40.9 million to 43.3 million hectares. According to the attaché, in conversations with producers throughout the state of Mato Grosso, they noted that they are seeing better yields than expected. Soybean exports are expected to total 97 million tons in the ...

Source: Portal Do Agronegocio