Brazil’s crop supply agency CONAB released their March production report on Thursday. CONAB raising planted soybean acreage by 200,000 hectares and increased soybean production from 133.8 million metric tons to 135.1 million tonnes. Soybean planted area was raised from 38.2 million hectares to 38.4 million hectares. Brazil’s total corn production is seen at 108 million tonnes, up from the previous estimate of 105.5 million. Second crop corn area is expected to be 14.7 million hectares with second crop corn production totaling 82 million metric tons.
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