USDA’s projection for Brazilian soybean crop is more optmistic than Conab forecast

13.03.2017

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.


agrosouth-news

Readers choice: TOP-10 articles of 2016 by UkrAgroConsult