Brazil’s equivalent to the USDA, CONAB, estimates the country’s soybean production will increase by nearly 5% and corn production will fall by nearly 10% for the 2023-2024 season.
CONAB pegs Brazil’s soybean production at a record 5.9 million bushels with acreage up 2.5% to 112 million acres. Corn production is projected 4.7 million bushels with acreage down 5% at 52 million acres.
Joana Colussi is a Brazilian native on the University of Illinois farmdoc team.
