crash4pc| Datagro predicts: Brazil's soybean production will be lowered to 147.57 million tons

News summary

Datagro on Friday cut Brazil's 2023/24 soybean production forecast to 1crash4pc.475.7 billion tonscrash4pc, a decrease of 0 from previous estimatescrash4pc.2%crash4pc, the main reason is that yields are expected to fall by 10.8%.

Newsletter text

[Datagro lowers Brazil's soybean production forecast] Agricultural analyst firm Datagro announced on Friday that it will cut Brazil's soybean production forecast for 2023/24 to 147.57 million tons, a decrease of 01.1 million tons from its previous forecast.

This change is blamed on a sharp decline in yield forecasts, which was reduced by 10.8% from the previous forecast, which directly affected the country's soybean output expectations.

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