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By xeto official 2022

In October, the United States Department of Agriculture (USDA) raised estimates for Brazil’s 2023 soybean crop.  

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By xeto official 2022

The projection went from 149 million tons to 152 million tons. That is: 2% more than the previous forecast. 

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By xeto official 2022

The new projection represents a growth of 20% over the previous crop. Grain is the flagship of Brazilian agriculture.

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By xeto official 2022

Furthermore, the current amount is also in line with the number estimated by the National Supply Company (Conab), from Brazil.  

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By xeto official 2022

Thus, if confirmed, production will be 10% higher than the 2021 record: close to 140 million tons. 

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By xeto official 2022

Currently, Brazil is the largest producer and exporter of soy on the planet, according to USDA figures. 

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By xeto official 2022

The US department estimates that the country will export 89.5 million tonnes next year. It is more than half 

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By xeto official 2022

According to the Conab survey, soybean planting will occupy just under 43 million hectares during the next harvest.