Farmers in Brazil will reap record soybean and corn crops this year, the government’s food supply and statistics agency Conab said on June 13, citing favorable conditions in key growing regions. Farmers in the South American country are poised to harvest 155.7 million metric tons of soybeans in the 2022/2023 cycle, up 24% from last season, Conab said in its latest crop forecast. Growers will also reap 125.7 million metric tons of corn nationally, 11.1% more than in 2022, even though some farmers were forced to sow part of their corn outside the ideal climate window. More than 99% of Brazil’s soybean fields have been harvested while growers have only begun reaping their second corn, which is planted after soybeans are harvested in the same areas.
Sources: Antaq and Reuters/Datamar News