Exports of the soya complex lead the way in Brazil’s exports, and there is no indication that such leadership will be lost in the short term, as demand for soya remains hot and market prices are satisfactory. The area planted with oilseed in the main producing regions of the country continues to increase, a necessary effort to meet the growing demand for the product. As a proportion of the world’s area of other grains, soyabeans have been the fastest growing in the last decades, and even so, there has been no formation of giant stocks, promoters of falling prices. According to estimates by the United States Department of Agriculture, in the 2018/19 crop, Brazil could surpass the United States in soyabean production (117 million tons – Mt versus 116.5 Mt) and assume global leadership, since the 1950s, it belongs to the United States. The current US crop indicates a fall of 3.5 Mt over the previous harvest (120 Mt), partly because there was a reduction in cultivated area (36.22 million hectares – Mha vs. 35.79 Mha) and also because the productivity of the harvest – in full harvesting process – was estimated as the average of the last five years. It may be higher or lower, as the area may be higher or lower.
Source: Canal Rural