USDA forecast on Argentinian soybean production slightly higher than local projection


The USDA report data released today puts Argentina’s soybean production at the 2016/2017 season at 57 million metric tons. This is slightly higher than the number brought by the government of Argentina yesterday, which was 56 million metric tons and some private consultants.

In the case of the Brazilian production, the U.S. agency foresees a production of 102.4 million metric tons, which is way below all estimates from Brazilian agencies and experts.  As reported yesterday, Carlos Cogo sees a crop of 106 million metric tons, Conab at 103.8 million metric tons and Agroconsult at 104.4 million metric tons.


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