Brazil will increase production in the 2020/21 harvest with 131 million tons of soybeans and 107 million tons of corn. This is what the report released on Thursday 11 by the United States Department of Agriculture (USDA) points out. World grain production is expected to grow 95 million tons in the 2020/2021 harvest, to a total of 2.760 billion tons, according to the USDA. The forecast had an increase of 9 million tons in the estimate of the first report of this harvest, published in May. Final inventories are expected at 872.5 million tons, 51.7 million more than in the 2019/2020 harvest, while sales go from 431.3 million tons to 451.3 million. As a result, the global grain supply will be 3.580 billion tons, 111 million tons higher than estimated for the last year. In the case of soybeans, the expectation for global production is 362.8 million tons in the 2020/2021 harvest, a volume close to that released in May and 27.4 million tons higher than 2019/2020. The figures released for this year’s production approach the 2018/2019 season, which recorded 360.2 million tons. The world’s largest producer of oilseeds, Brazil is expected to harvest 131 million tons in this harvest, compared to 124 million tons in 2019/2020. Second largest producer, the USA is expected to harvest 112.2 million tons, 15.6 million growth over the previous cycle. The USDA estimate for soybean exports is 161.9 million tons, an increase of 6.4 million tons over 2019/2020. Brazil should export abroad 2 million tons less, totaling 83 million tons, while the USA should expand exports by 10.8 million tons, to 55.7 million. According to the USDA, final inventories are expected to drop about 1 million tonnes worldwide in this agricultural cycle, with 98.3 million tonnes of soybeans.
Source: Revista Globo Rural