In the May WASDE report, USDA lowered Brazil’s corn production at 102 million tonnes, down from 109 million in the April report. Brazil’s soybean production is estimated at a record 136 million tonnes, unchanged from the April report. USDA left Argentina’s corn production unchanged from April at 47 million tonnes and lowered Argentine soybean production slightly to 47 million tonnes.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.