DATAGRO’s first estimate for the new soybean crop in South America is 219.34 million tons. If confirmed, soybean production would grow by 21% from the 181.95 million tons estimated for the 2021/22 season. The planted area is forecast at 66.09 million hectares, up 3% over the 63.87 million hectares of the revised 2021/22 harvest. If confirmed, it would set a new all-time high, and also the sixth consecutive increase. Brazil’s initial production potential is 151.83 million tons, up 9% from the record 138.82 million tons in the 2020/21 harvest.
Source: DATAGRO (*Translated by Ia Niani)