USDA made slight changes to South American production estimates in the March Supply and Demand report. Brazil’s corn production is estimated at 109 million tonnes, unchanged from February. Brazilian soybean production was raised one million tonnes from February to 134 million tonnes. Argentina’s corn production is unchanged from February at 47.5 million tonnes. Argentina’s soybean production was lowered a half-a-million tonnes from February to 47.5 million tonnes.
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