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


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