After surveying soybean fields across Brazil, Agroconsult raised its Brazilian soybean crop forecast by 2 MMT to a record 155 MMT. The firm expects Brazil to export a record 96 MMT of soybeans in 2022-23.
Agroconsult cut its Brazilian corn crop estimate to 125.5 MMT, down 5.4 MMT from its previous forecast, with 4.1 MMT of the reduction due to an expected smaller safrinha crop. The firm says planting delays create greater risks for the safrinha corn crop and some areas won’t get all of the intended acres planted. Agroconsult expects Brazil to export 51.9 MMT of corn in 2022-23.
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