The most recent land use survey showed that China’s total arable land decreased from 334 million acres in 2013 to 316 million acres in 2019, a loss of more than 5 percent in just six years.
A large portion of the safrinha corn crop in Brazil’s Parana and Mato Grosso do Sul states will be planted outside the ideal window, according to AgRural.
March soybeans rose 21 1/2 cents to $15.48 3/4. May soybeans gained 21 3/4 cents at $15.44. Both contracts closed near the session highs and closed at contract high closes.
