CONAB projects Brazil’s soybean crop at 167.37 million tons, a 13% increase, and corn production at 122.76 million tons, a 6% increase from last year. Both figures indicate significant agricultural advancements, with robust harvest progress noted. Updated estimates will be released by CONAB and USDA on April 10th.
The National Company for Food Supply (CONAB) in Brazil has reaffirmed its significant projections for the country’s soybean and corn crops. Current estimates suggest that Brazil will produce 167.37 million tons of soybeans, representing a 13% increase from 2024, driven by higher yield and expanded acreage compared to the previous year.
In terms of total corn production, CONAB forecasts an output of 122.76 million tons, which marks a 6% rise from last year. This estimation includes an increase in yield for the first crop, now at 24.857 million tons, offsetting a slight reduction in the second crop due to a decrease in planted area, currently at 95.516 million tons. Furthermore, the anticipated production for the third crop stands at 2.387 million tons.
While these figures are lower than the latest USDA projections, they still indicate robust production that may intensify export competition with the United States in the upcoming weeks. As of now, Brazil has completed over 60% of its soybean harvest, and over 80% of the second crop corn is sowed, both statistics indicating progress ahead of the seasonal average.
Moreover, CONAB projects that the production levels for cotton, rice, and sorghum will also exceed those of 2024. Updated production estimates from both CONAB and USDA are expected to be released on April 10th, providing further insight into Brazil’s agricultural outlook.
In summary, CONAB maintains strong estimates for Brazil’s soybean and corn production, indicating significant increases compared to the previous year. This growth is likely to intensify export competition with the United States. Additionally, the organization anticipates heightened production in other crops such as cotton, rice, and sorghum. Upcoming updates from CONAB and USDA on April 10th will further clarify Brazil’s agriculture scenario for 2024.
Original Source: www.brownfieldagnews.com
