The analysts of the consulting agency StoneX Group have released the forecast for the soybean production in Brazil in 2022/23 updated by 0,7 million Tonnen increased to 155 million tonnes, which at 29,5 million tonnes is higher than the previous season's result.
After the expected high production, oil exports in the 2022/23 season are forecast to exceed last year's figure by 9,9 million tons and amount to 96 million tons.
In addition, the overall prognosis for the grain harvest 2022/23 against the background of the expected expansion of the sown area of Corn in the country increased by 0,4 million tons to 130,3 million tons (+ 17,5 million tons per year). The exports of Brazilian Corn could be 46 (+7,5) million tons.