USDA’s projection for Brazilian soybean crop is more optmistic than Conab forecast
Yesterday, the United States Department of Agriculture has updated its estimate for the Brazilian soybean crop to a volume of 108 million metric tons.
The number is higher even than what forecasts USDA’s counterpart, the National Supply Company (Conab), which projects a crop of 107.61 million metric tons. According to the American agency, the crop was benefited by a favorable climate with a wide regime of rains during the crop development, improving significantly the yields.
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