GLOBAL SOYBEAN OUTPUT TO REACH 398.2 MILLION TONS

The United States Department of Agriculture (USDA) has decreased its estimates for Brazil’s soybean production by 1 million tons, predicting that it will be 156 million tons, while the National Supply Company (Conab) estimates it to be 149.4 million tons. However, these discrepancies are likely to be resolved in the following report. The USDA anticipates that worldwide soybean output will rise by more than 5% from the previous season, reaching 398.2 million tons, primarily due to an increase in the Argentine crop and the possibility of a rise in production in other countries with lower yields.
Source: Agrolink (*Translated by Ia Niani)