The 2022/23 soybean harvest in Brazil was estimated at a record 154.35 million tonnes, according to a report published this Tuesday (01) by consultancy StoneX. On the other hand, the consultancy reduced by 4 million tonnes the projection of exports of 22/23 soybeans from Brazil. The harvest was adjusted positively due to a revision of the planted area in Goiás and Minas Gerais, with the national total exceeding 43 million hectares. The consultancy also raised the projection of total corn production in Brazil to 129.9 million tonnes, also a record, foreshadowing an increase in the second crop area, the largest in the country for the cereal. The estimate for the 2022/23 exports rose to 46 million tonnes, while domestic consumption rose to 81 million, an increase of 1 million tons compared to the previous number in both cases.
Sources: Isto É Dinheiro/Datamar News