Brazil’s equivalent of the USDA continues to project record soybean and corn production.
CONAB now has Brazil’s soybean crop at 151.419 million tons, 1% less than the February guess because of drought in some southern growing areas, but still 20.6% above a year ago due to generally improved weather and increased planted area.
Brazil’s second corn crop, the largest of their three, is estimated at 95.605 million tons, up 0.7% on the month and 11.3% on the year, but CONAB says part of the crop will be planted after the optimal window, which could impact yield.
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