Experts increased the forecasts of soybean production and corn for Brazil

2019-04-03 12:10:46
Machine translation
Experts increased the forecasts of soybean production and corn for Brazil

a Record early harvest of soybeans in Brazil has not yet been possible to determine the final estimates of production, as after a drought in December and January the crop forecasts of the initial 120-125 million tons fell to 112-115 million tons.


In March, the experts, the USDA estimated soybean production in Brazil of 116.5 million tonnes, but analysts Conab – reach 115.3 million tonnes, and next week, both the official Agency will update its estimates.


Yet own forecasts published other research agencies.


Experts Agroconsult increased its forecast of soybean crop in Brazil to 2018/19 Mr 116,4 million tons in February to 118 million tonnes in March due to productivity growth in the North-Eastern and Central States, particularly in Rio Grande de Sul. This rating became the highest among published by the Brazilian agencies forecasts.


the Forecast of soybean exports from Brazil in 2019 decreased from 70.2 percent to 67 million tons as a result of increased competition from the U.S. and Argentina.


At the same time the acreage under soybean in 2019/20 MG Brazil will increase by 1.7% to 36.6 million hectares, which is below the average annual level of growth areas for the previous 3 seasons.


According to experts, Datagro, the soybean crop in Brazil to 2018/19 MG will reach 113 million tonnes, while exports will be reduced to 68.5 million tonnes compared to 84,45 million tons the previous season. In comparison with the previous MG corn crop will increase from 81.79 to 94,13 million tonnes, and exports from 25.1 to 32 million tonnes.


Analysts at Soybean and Corn Advisor increased the rating of the soybean crop by 1.5 million tonnes to 115 million tonnes, which almost corresponds to the previous forecast INTL FC Stone's to 115,7 million tons.


Agency FC Stone Soybean and Corn Advisor increased the forecasts of corn production by 0.6 and 1 million tons respectively, up to 94 million tons.

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