BRAZIL ON TRACK FOR A RECORD 170.7 MILLION TONS OF SOYBEANS IN 2024-25, HEDGEPOINT SAYS

Soybean production in Brazil is expected to hit a record 170.72 million tons in the 2024-25 harvest, up 15.6% from the previous year, according to Hedgepoint Global Markets. The planted area will also be a record, at 47.54 million hectares, with an average production of 59.85 bags per hectare. Although low humidity impacts Rio Grande do Sul and Mato Grosso do Sul, high yields in Paraná and Mato Grosso back up the projection. Hedgepoint warns about monitoring weather conditions, particularly in the South and Central regions, where harvesting has already begun. Even with potential changes, the record is guaranteed.
Source: Reuters / Notícias Agrícolas (*Translated by Ia Niani)