Brazil’s soybean acres to drop; Argentina’s corn to rise

03.08.2016

Brazil’s insatiable appetite for growing more soybeans is fading, while Argentina’s farmers plan to go all in on corn production in 2016/2017.

A new estimate for the Brazilian corn and soybean crops has caught the trade’s attention because the acreage for both crops would rise in 2016/2017.

However, even though AGR Brasil, based in Chicago, has forecast that the country’s soybean surface would jump 2% to 83.5 million acres, this would be the smallest increase of soybeans in Brazil in the last 10 years, according to the National Supply Company (Conab).

 


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