CONAB Updates Brazil Corn & Soybean Production
Brazil’s counterpart to USDA has updated its corn and soybean production figures for the 2023/24 crop year. It expects Brazilian producers to harvest 312.3 million tons of grains in total or about 2.4% less than last season. The drop in the production estimate CONAB writes is explained by the “low occurrence of rain and the high temperatures recorded in the Central-West states, while in the South of the country, mainly in Rio Grande do Sul, by excessive precipitation”.…