Brazil’s equivalent of the USDA says that nation produced record corn and soybean crops this year.

CONAB says the soybean harvest was 120.9 million tons, 5.1% larger than in 2019, and pegs combined first and second corn production at 102.1 million tons, with harvest 98.5% complete.

Cotton and rice production were also above a year ago at 2.93 million and 11.2 million tons, respectively.

Planted area for wheat is expected to be up 14.1% on the year with production estimates at 6.8 million tons.

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