CONAB cuts soybean, corn estimates further

CONAB cuts soybean, corn estimates further

Brazil’s equivalent of the USDA has lowered its outlooks for soybean and corn production.

CONAB now has soybeans at 149.404 million tons, a decrease of nearly 3.8% from January and well below initial expectations because of planting delays and dry weather in some growing areas during key phases of development.

Brazil’s second corn crop, planted after soybeans in some areas, is pegged at 88.099 million tons, a decline of 3.4% on the month and 13.9% on the year due to the issues with soybean planting earlier in the season.

    

View Full Story

Share:

The Latest

Cargill Farming is 1,000 decisions along the way And Cargill is here to support you. Explore our sustainable programs, discover marketing

Cargill Farming is 1,000 decisions along the way And Cargill is here to support you. Explore our sustainable programs, discover marketing

Cargill Farming is 1,000 decisions along the way And Cargill is here to support you. Explore our sustainable programs, discover marketing