Photo: U.S. Soybean Export Council
Brazil’s farmers harvested a record 171.47 million MT of soybeans and a record 139.67 million MT of corn in the 2024/2025 season, Brazilian crop agency Conab said on Thursday in its final grain production report covering the period.
Reuters reports the final numbers represent a 1.82 million MT increase in soybean production and a 2.67 million MT rise in total corn production compared to Conab’s August forecast.
Conab also revised soybean area and yields for all seasons between 2020/21 and 2024/25, resulting in a cumulative increase of 13.12 million MT in estimated production during the period.
Conab also raised Brazil’s soybean export forecast for the 2024/25 season, saying the country will ship 400,000 MT more than it expected last month, or 106.65 million MT.
Brazil sells most of its soybeans to China and continues to book sales due to stalled trade talks between the U.S. and China halfway through the prime of the U.S. soybean marketing season.
NAFB news service
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