Given the chances of producing the greatest soybean crop in history—an estimated 153 million tons—it is expected that crushing and exports will likewise surpass all previous estimates. Brazilian soybean exports must surpass the 78.9 million tons forecast for 2022 to reach 93 million tons in 2023. The forecast, which is included in the Brazilian supply and demand graph, published by SAFRAS & Mercado, shows an increase of 18% from one season to the next. According to SAFRAS, crushing will amount to 52 million tons in 2023 and 50 million tons in 2022, with a rise of 4% from one harvest season to the next.
Source: Noticias Agrícolas (*Translated by Ia Niani)