In Conab's October report, adjustments to Brazilian soybean production in 2/2022 were 23 million tonnes higher by 152,4 million tonnes compared to the previous forecast in August, which also included the previous season's harvest (125,5 million tonnes). would be significantly exceeded. the oilseed is to be harvested with 42,9 million hectares (+ 1,4 million hectares per year).
The domestic consumption of Soybean is estimated at 55 million tons (+ 2,7 million tons per year), exports at 95,9 million tons (+ 17,6) and ending stocks at 6,3 million tons (+ 2).
Soybean meal production is also expected to reach 2022 million tons in 23/38,8 versus 37,3 million tons in 2021/22, while product exports are 19 (-0,1) million tons. Soybean oil production is forecast at 10,3 (+ 0,4) million tons, exports at 1,8 (-0,3) million tons.
For Corn Experts have increased the forecast for the total 2022/23 Brazilian grain harvest by 1,4 million tons to 126,9 million tons by August, while production in 2021/22 is estimated at 112,8 million tons. The acreage is expected to increase from 21,6 to 22,4 million hectares over the course of the year.
Including the first grain harvest, from 4,5 (-0,1) million hectares, 28,7 million tons (+ 3,7 million tons per year), Safrinyi 96,3 (+ 10,7) million tons from 17,3 ( + 0,9) million hectares.
Domestic grain consumption is estimated at 81,8 (+ 4,8) million tons, exports at 45 (+ 8) million tons, final stocks at 10,2 (+ 1,7) million tons.