DATAGRO RAISES 2020/21 SOYBEAN CROP TO A RECORD OF 136.96 MILLION TONS AND REDUCES PROJECTION FOR CORN

Datagro consulting 8th survey for the 2020/21 Brazilian soybean crop estimates production of 136.96 million tons, up from 136.34 million tons in the last survey, released in April. If confirmed, this volume will be 7% higher than the 128.19 million tons of the record crop harvested in 2020. The new analysis points to an area of 39.05 million hectares, compared to 38.95 million hectares of the last survey. This total represents an advance of 4% or 1.55 million hectares over the 37.50 million hectares harvested in the 2019/20 season. According to Datagro, corn planting area in the summer crop rose slightly in Brazil in 2020/21, reaching 4.36 million hectares, up 1% from the 4.30 million hectares harvested in the past crop. The first crop production was revised to 24.29 million tons, down 8% from the 26.27 million tons of the revised last crop, with 18.59 million tons in the Center-South region, and 5.70 million tons in the North and Northeast regions.

Source: Datagro (*Translated by Ia Niani)