USDA raises Brazil’s soy output estimate
Brazil’s soybean output in the current 2019-20 season is expected to reach a 126mn t record, the US Department of Agriculture (USDA) said today, in a 1mn t upward revision from last month’s forecast.
The estimate, if accurate, would represent a nearly 8pc increase from the prior year, according to USDA’s monthly World Agricultural Supply and Demand Estimates (Wasde) report.
By José Roberto Gomes via Argus Media