Soybeans in Brazil: larger acreage and yields

The Brazilian agricultural market analyst Celers estimates the local soybean acreage at 33.9 million hectares, are 3% more than in the previous year. Also, the vegetation conditions are very good and even better than in the previous year. Therefore, the Analyst expects a harvest of 102.9 million tons of soybeans.
This is slightly more than the 102 million tons that the USDA had most recently estimated, and significantly more than the 96.5 million tons harvest last year.

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