Soybean production in the United States has been revised downward. Previously, the country in North America was expected to produce 118.28 million tons, but that figure has now fallen to 116.37 million tons, representing 55.48 bags per hectare. Ending stocks fell from 5.99 million tons to 5.72 million tons, while exports fell from 55.66 million tons to 54.16 million tons. All indicators in Brazil were positive. Production increased by about 1 million tons, from 152 million to 153 million tons, the highest global production. Ending stocks are expected to be 33.46 million tons, up from 31.71 million the previous month. Exports are expected to increase from 89.5 million to 91 million tons.
Source: Agrolink (*Translated by Ia Niani)