In its February report, Brazil’s national ag agency, CONAB, cut their soybean production estimate to 125.5 million metric tons for the current growing season. That’s down from CONAB’s January forecast of 140.5 million tonnes. If realized, Brazil’s 21/22 soybean crop would still be the second largest on record. CONAB also lowered Brazil’s 21/22 corn production estimate 600,000 tonnes from January to 112.3 million tonnes. USDA’s estimated Brazil’s soybean production at 134 million tonnes and corn production at 114 million tonnes in the February Supply and Demand report.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.