AgResource Brasil, a subsidiary of the North American company AgResource Company, revised upward its forecast for soybean production in Brazil to 1 million tons, up 0.54%, compared to data released in the beginning of March. Now it shows a soybean crop size of almost 120 million tons, compared to the last 119.4 million tons. The number is lower than the projection of the National Supply Company (Conab), which is around 125 million tons. AgResource Brasil also revised upward the summer crop from 19.91 million tons to nearly 21.16 million tons. The second corn crop, on the other hand, had a slight downward adjustment, from 85.13 million tons to 85.11 million tons, a drop of 0.02 million (0.023%). The third crop was maintained at 1.77 million tons. According to the company, total corn production in Brazil is expected to reach 108.05 million tons, up 1.15% from the 106.82 million tons previously forecast.
Source: Canal Rural (*Translated by Ia Niani)