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

Published 2023년 3월 3일

Tridge summary

The USDA's Gain Report forecasts a significant increase in Brazil's soybean production for the 2022/2023 marketing year, reaching 153 million tons from 126.60 million tons, with a projected sown area increase to 43.3 million hectares. Soybean exports are anticipated to rise to 97 million tons from 77 million tons, while domestic consumption is expected to grow slightly to 55.1 million tons from 51.25 million tons. Producers in Mato Grosso report better yields than expected.

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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