USDA: Soybean outlook in Brazil

Published Mar 3, 2023

Tridge summary

The USDA in Brasília has kept its forecast for the Brazilian soybean harvest for the 2022/23 crop year at 153 million tons. The predicted area for oleaginous planting has slightly decreased from 43.4 million to 43.3 million hectares. Compared to the previous season, which saw heavy losses due to drought in southern Brazil, oilseed production and cultivation area are projected to grow by 21.3% and 5.9% respectively. The increase in planting area is attributed to marginal advances in several producing states.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The office of the United States Department of Agriculture (USDA) in Brasília maintained its projections for the Brazilian soybean harvest in the 2022/23 crop year at 153 million tons. The estimate for the oleaginous planting area had a slight reduction, from 43.4 million to 43.3 million hectares. Compared to the figures for the 2021/22 season, marked by heavy losses with the drought in southern Brazil, oilseed production and cultivation area are expected to grow by ...

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